‘A close call’: BofA Global Research drops BoE rate hike forecast on easing inflation

‘A close call’: BofA Global Research drops BoE rate hike forecast on easing inflation

June 25 (Reuters) – BofA Global Research on Thursday dropped its forecast for the Bank of England to hike rates this year, terming it ​a ‘close call’ driven by lower energy prices, ‌easing inflation pressures and a softer economic backdrop. The brokerage, which previously forecast two hikes in 2026, now expects the central bank to keep rates steady. For 2027, BofA sees just ‌one ​25-basis-point cut in November 2027, ⁠compared to three cuts ⁠earl…