Citi Says This Week's Expected Rate Hike By The BOE Will Probably Be The Last In The Cycle, We No Longer Expect A November Change
Portfolio Pulse from Benzinga Newsdesk
Citi analysts predict that the upcoming rate hike by the Bank of England (BOE) will likely be the last in the current cycle, and they no longer anticipate a rate change in November.
September 18, 2023 | 12:39 pm
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NEUTRAL IMPACT
Citi's prediction of no further rate hikes by the BOE could influence its investment strategies and decisions.
As a major global bank, Citi's investment strategies and decisions could be influenced by its own predictions about interest rate movements. However, the direct impact on its stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) could be affected by Citi's prediction as changes in BOE's rates can influence European markets.
The VGK ETF, which tracks European stocks, could be influenced by changes in the BOE's rates. However, the direct impact of Citi's prediction on VGK is uncertain.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60