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20th Jun 2022 18:00U.K., Daily Monitor

OIS rates do not accurately reflect investors’ expectations for Bank Rate; a sub-2% peak wouldn’t be a shock.

The outlook for sterling is more closely tied to overall risk sentiment in markets than the outlook for U.K. rates.

Our call that rates will top out at 1.75% assumes positive supply-side developments which will boost risk appetite.

BoE central banks cpi depreciation e.u. fed fomc members imports inflation expectations interest rates ireland June May monetary policy mpc northern ireland ois ois rates policy policy rates sterling summer swap rates trade u.s. wages

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Keywords for: Will Sterling Force the MPC to Stick to a Path of Rapid Rate Hikes?

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