April 1 (Reuters) - J.P. Morgan on Wednesday said it now expected only one Bank of England interest rate hike this year after Governor Andrew Bailey told Reuters that financial markets had been too
J.P. Morgan Forecasts One Bank of England Rate Hike in 2026 After Bailey Interview
J.P. Morgan Revises Bank of England Rate Hike Expectations
Background on Rate Hike Projections
April 1 (Reuters) - J.P. Morgan on Wednesday said it now expected only one Bank of England interest rate hike this year after Governor Andrew Bailey told Reuters that financial markets had been too aggressive in pricing in higher borrowing costs.
Previous Forecasts and Adjustments
The U.S. bank had previously expected two increases in Bank Rate, in April and July.
Insights from J.P. Morgan Economist
"Bailey's comments suggest April is too soon for a majority for a hike to develop, and we now shift to expecting one hike in June," J.P. Morgan economist Allan Monks said, adding that he continued to expect two rate cuts in 2027.
(Reporting by Andy Bruce; editing by David Milliken)
