JP Morgan are forecasting another 75bp of Bank of England rate hikes

Earlier on revisions to BoE rate hike forecasts:

• Goldman Sachs now sees 50 bps Bank of England hike in August
• Goldman Sachs Goldman Sachs Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many high-profile financial deals. On the other hand, it has faced criticism and controversy over the years, including accusations of unethical business practices and con Goldman Sachs is a multinational investment bank and financial services company headquartered in New York City. It was founded in 1869 and is one of the largest and most well-known investment banks in the world.Goldman Sachs has a mixed reputation. On one hand, it is known for its expertise in investment banking and its role in many high-profile financial deals. On the other hand, it has faced criticism and controversy over the years, including accusations of unethical business practices and con Read this Term expects a 50 bps hike in August and a final 0.25% hike in September

JP Morgan have a variation on this forecast:

• raised their terminal rate forecast for the Bank of England Bank of England The Bank of England (BoE) functions as the United Kingdom’s central bank and is one of the key drivers of monetary policy in Europe. As one of the world’s oldest central banks and established in 1694, the BoE is owned by the British government. Its central mandate involves maintaining and targeting interest rates while using other tools to help either stimulate or contract the economy. Moreover, the BoE is responsible for producing the UK’s bank notes as well as supervising key bank payment sy The Bank of England (BoE) functions as the United Kingdom’s central bank and is one of the key drivers of monetary policy in Europe. As one of the world’s oldest central banks and established in 1694, the BoE is owned by the British government. Its central mandate involves maintaining and targeting interest rates while using other tools to help either stimulate or contract the economy. Moreover, the BoE is responsible for producing the UK’s bank notes as well as supervising key bank payment sy Read this Term to 5.75%
• forecasting a +25bp hike in August with another two to follow
• “The ‘boiling the frog’ scenario we envision whereby resilient growth and sticky inflation gradually raises terminal rates is playing to script"
• Even if inflation stops surprising the BoE will put greater emphasis on the need to halt the wage-price spiral
• "This new policy rate level in our forecast recognizes that there is a dynamic between wages and prices that needs to be stopped, and assumes the BoE will need to hike further in order to trigger a significant weakening in the labour market"

On Thursday:

• ForexLive European FX news wrap: BOE surprises with 50 bps rate hike

3 August then 21 September are the next Bank of England meetings