Markets imply at least four Bank of England hikes, from 3.75% to 4.75% by July.
City economists say markets may be wrong to expect the Bank of England to raise UK rates by a full percentage point or more by next summer.
Market-implied rates suggest at least four hikes over the next year, and possibly five by December 2027.
Some experts say that sharp tightening looks unlikely, with little sign energy costs are pushing other prices sharply higher.
ING's James Smith said the Bank could sound the all clear by next spring and could cut rates again by the end of next year.
💬 Do you trust market-implied rates or economists more in this cycle?
Source: The Guardian
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