Surveillance: BOE Hikes, Forecasts Economic Misery
Bloomberg Surveillance
00:00
The Bank of England's Inflation Forecast
G ten f x strategist over mora jordan. Your reaction to this decision by the b ow? Well, john, it's the simple case that this wasn't a big surprise from the bank. We were expecting around 50 bases points. That's what we got to day conversations with clients as well. The problem for markets is we're just not used to trading 19 70 style stablation. This is a massive money coming out of system, just spends on energy. It decimated pepls ability to spend. The bank of engd. Will reflect on this. They've already putting their forecaste to day,.We saw they think the price capat to three thousand 500 in
Play episode from 01:46
Transcript
