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Goldman Sachs said it expected the Bank of England (BoE) to hold its peak policy rate at 5.25% in November and maintain it at this level until third quarter of 2024, after a surprise halt by the UK central bank.
Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024
The flatter peak comes with a notable risk of more tightening by the BoE if the disinflation process stalls, the Wall Street bank added in a note on Thursday.