A top UK think tank says the Bank of England may need rates near 5% to beat inflation.
• NIESR: BoE Bank Rate may need to rise to around 5% to return inflation to 2%
• The BoE hiked to 4% from 3.75% last week, its first increase in over three years
• NIESR warns one more hike to 4.25% could leave inflation above target until 2030
Why it matters: Higher-for-longer rates in major economies tighten global liquidity, a key driver of crypto risk appetite.
Source: Reuters (NIESR quarterly forecast)
Not financial advice.
💬 Does a global wave of rate hikes change your crypto outlook?
#BankOfEngland #Inflation #RateHike
• NIESR: BoE Bank Rate may need to rise to around 5% to return inflation to 2%
• The BoE hiked to 4% from 3.75% last week, its first increase in over three years
• NIESR warns one more hike to 4.25% could leave inflation above target until 2030
Why it matters: Higher-for-longer rates in major economies tighten global liquidity, a key driver of crypto risk appetite.
Source: Reuters (NIESR quarterly forecast)
Not financial advice.
💬 Does a global wave of rate hikes change your crypto outlook?
#BankOfEngland #Inflation #RateHike