Rabobank: Bank of England 25 bps Interest Rate Increase Expected Next Week Not Fully Reflected in Markets
The Bank of England (BoE) is widely expected to increase interest rates by 25 basis points (bps) next week, and this news has been reverberating throughout the markets. Rabobank, one of the largest banks in the United Kingdom, has stated that this increase is not yet fully reflected in the markets. The BoE’s Monetary Policy Committee (MPC) is expected to raise the base rate from 0.25% to 0.5%, which would be the first increase since July 2007. This move is being seen as a sign of confidence in the UK