BoE To Increase Rates In June and Suggest That the Tightening Cycle is Not Over Yet

BoE To Increase Rates In June and Suggest That the Tightening Cycle is Not Over Yet

by Brunello Rosa and Nato Balavadze

16 June 2023

In this paper we discuss:

1. Our latest assessment of the UK economy;
2. What we expect the BoE to do in June given the still-elevated inflation;
3. How the economy has evolved compared to the forecasts of the May 2023 MPR; and
4. The market implications of all the above.

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