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BoE Rate Hike in August, Maybe May: Economist

Thu 28 Apr 11 | 02:00 AM ET
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BoE Rate Hike in August, Maybe May: Economist

Thu 28 Apr 11 | 02:00 AM ET
“We’re putting a 30% chance on a May rate hike (by the Bank of England), but we think August is a more likely call,” Peter Westaway, chief economist Europe at Nomura, told CNBC. “The Bank of England can’t do anything about the inflation rate today… so they have to anticipate more whether the growth is going to come through,” he added.

Topics:

Europe (West)  | Politics and Government Banks

Sectors:

 | Financial Services

Sectors:

 | Utilities
 
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