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2026-11-05 21:10:30
[BlackRock Think Tank: Bank of England Decision Tightened, Market Priced Too Many Rate Hikes] ⑴ In a report, Paul Vivek of BlackRock Think Tank stated that the Bank of England's decision to raise its benchmark interest rate by 25 basis points by a vote of 8 to 1, with one vote supporting a larger rate hike, appears to be tighter than expected, but the market has priced in too many rate hikes. ⑵ The chief investment strategist stated that, currently, there is only room for one more rate hike in the next year, while the market is implying three, which largely depends on how the Middle East energy shock transmits to the country's economy. ⑶ Vivek stated that the autumn budget avoided a major fiscal surprise, giving the market some breathing room, but its measures may be too limited to change the growth or inflation outlook.
