UBS: Bank of England Rate Hike Probability Declines Amid Weak Growth

According to UBS investment banking economists, the probability of Bank of England rate hikes in coming months has declined, as sluggish economic growth and a weak labor market reduce the necessity for further tightening, according to Jin10 on July 23. However, the economists noted that rising oil prices and hawkish views among some BoE members mean rate increases cannot be ruled out.
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