A 25 bps rate hike for May is fully priced in and the OIS market is seeing the terminal rate come in at around 5% after today's inflation report. Here's the reaction from earlier today.
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Deutsche sees two more rate hikes from the BOE to a terminal rate of 4.75% in June
Deutsche sees two more rate hikes from the BOE to a terminal rate of 4.75% in June
- Hot and sticky UK inflation is seeing markets rethink the BOE rate path
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