Goldman, Nomura Say UK Interest Rates Probably Have Peaked
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Goldman Sachs and Nomura said UK interest rates probably already have peaked after inflation fell unexpectedly and investors backed away from bets for a hike from the Bank of England on Thursday.
Goldman Economists Ibrahim Quadri and Sven Jari Stehn said August’s drop in the Consumer Prices Index to 6.7% “surprised meaningfully to the downside.” Nomura’s veteran BOE watcher George Buckley also put out a note reversing his view.