Deutsche Bank forecast Bank of England peak rate at 5.75% – more 'forceful' hikes on table

<p>Deutsche Bank's forecast for the Bank of England peak rate is now at 5.75%:</p><ul><li>projecting three quarter point hikes in August, September, and November as likely</li><li>DB are not looking for another +50 as they expect downside risks to services inflation in the next data point</li><li>DB does warn though that risks to their 5.75% terminal rate call are tilted to the upside, </li><li>saying that inflation and wages may take longer to cool down </li><li>a peak terminal rate of near 6% no longer looks unattainable</li></ul><p>-</p><p>Earlier posts on Bank of England responses:</p><ul><li><a href="https://www.forexlive.com/centralbank/jp-morgan-are-forecasting-another-50bp-of-bank-of-england-rate-hikes-20230622/" target="_blank" rel="follow" data-article-link="true">JP Morgan are forecasting another 75bp of Bank of England rate hikes</a></li><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-now-sees-50-bps-bank-of-england-hike-in-august-20230622/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs now sees 50 bps Bank of England hike in August</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.