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BNP Paribas lowers its Bank of England terminal rate forecast

Published by Uma Rajagopal

Posted on August 4, 2023

1 min read

· Last updated: February 1, 2026

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BNP Paribas logo representing the bank's forecast on Bank of England rates - Global Banking & Finance Review
The BNP Paribas logo symbolizes the bank's recent adjustment of its Bank of England terminal rate forecast, reflecting a change from 5.75% to 5.50%. This update is significant in the context of global banking trends and interest rates.
interest rates financial markets monetary policy
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BNP Paribas lowers its Bank of England terminal rate forecast (Reuters) – BNP Paribas on Friday lowered its Bank of England (BoE) terminal rate forecast to 5.50% from a prior estimate of 5.75%. The move comes after BoE raised its key interest rate by a quarter of a percentage point to a 15-year peak of […]

BNP Paribas lowers its Bank of England terminal rate forecast

(Reuters) – BNP Paribas on Friday lowered its Bank of England (BoE) terminal rate forecast to 5.50% from a prior estimate of 5.75%.

The move comes after BoE raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday.

(Reporting by Subhadeep Chakravarty; Editing by Dhanya Ann Thoppil)

Frequently Asked Questions

What is the Bank of England?
The Bank of England is the central bank of the United Kingdom, responsible for issuing currency, maintaining monetary stability, and overseeing the financial system.
What is a terminal rate?
The terminal rate is the final interest rate that a central bank aims to achieve after a series of adjustments, reflecting its long-term monetary policy stance.
What is an interest rate?
An interest rate is the amount charged by lenders to borrowers for the use of money, typically expressed as a percentage of the principal.
What is monetary policy?
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic objectives like controlling inflation and stabilizing currency.
What is a key interest rate?
A key interest rate is the primary rate set by a central bank that influences borrowing costs and economic activity, often used as a tool for monetary policy.

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