Chances Of Next BOE Rate Hikes Cut Slightly


Investors in UK interest rate futures have slightly lowered the probability of the next BOE rate increase, following the central bank’s decision to hold rates. Sonia rates are now implying a 24% chance of a rate rise in April vs 30% previously, while there is a 72% chance of an increase in May vs 80% before the announcement. An increase in July is fully priced in, with a 92% chance of an increase in June. Sonia rates were projecting a 98% chance of a rise in June earlier. (DJNW)

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