CME predicts December Bank of England rate hike

CME’s Bank of England Watch

clock • 1 min read
There is a 72.4% likelihood that the Bank of England will hike interest rates in December, according to CME’s Bank of England Watch tool.
Image:

There is a 72.4% likelihood that the Bank of England will hike interest rates in December, according to CME’s Bank of England Watch tool.

There is a 72.4% likelihood that the Bank of England will hike interest rates in December, according to CME’s Bank of England Watch tool.

CME, which uses its MPC SONIA futures prices to find market expectations of what BoE monetary policy will be, found there is a strong chance the bank will raise rates at its monetary policy meeting on...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Restaurants, bars and festivals helped economy pick up in August after rules eased

UK economy picks up in August as GDP grows 0.4%

GDP remains below pre-pandemic level

Pedro Gonçalves
clock 13 October 2021 • 4 min read
The Bank of England has voted to keep interest rates unchanged

Bank of England in 'wait-and-see-mode' as it maintains interest rates at 0.1%

Core inflation reaches highest rate since 2011

clock 23 September 2021 • 2 min read
Global growth remains strong but uneven

OECD warns against removing stimulus support despite rising inflation

'Banks should offer clear guidance'

James Baxter-Derrington
clock 21 September 2021 • 1 min read