BoE Rate Hold Seen as Baseline by Societe Generale
Societe Generale expects the Bank of England to keep Bank Rate at 3.75% through 2026, citing softer UK services inflation and a loosening labour market.
GBPUSD
Societe Generale’s Sam Cartwright says the Bank of England’s wait-and-see stance is supported by recent easing in UK services inflation and loosening labour market conditions.
The baseline view is that Bank Rate remains at 3.75% through 2026 to keep underlying inflation restrained.
The note also flags conflict risks around that baseline.
Source: FXStreet Forex News