Bank of America and Credit Suisse brought forward expectations of UK interest rate hikes due to an unexpected surge in inflation and strong economic performance
Bank of America and Credit Suisse believe that the UK will implement the first rate hike since the outbreak of the epidemic earlier than previously anticipated. The two banks thought earlier that the Bank of England would not act until 2023, but now they expect to raise interest rates for the first time in the second and third quarters of next year, respectively. Earlier, the UK's inflation rate unexpectedly soared, breaking the central bank's 2% target for the first time in nearly two years. At the same time, the economy is growing at an accelerated pace, creating more jobs. After the UK economy experienced its worst recession in 300 years, this forecast reflects optimistic expectations for a rapid recovery. Bank of England policymakers slowed the pace of economic stimulus last month, probably after next week's meeting
新浪財經Jun 18, 2021 21:37
Strong demand prospects for crude oil futures hit the highest closing price since March
Crude oil futures prices hit their highest closing price since March on Wednesday in the early morning Beijing time. Oil prices have been boosted by the optimistic demand outlook for the second half of 2021 and the decline in US crude oil inventories. Traders are also watching gasoline shortages in the southeastern United States. Colonial Pipeline is currently repairing an important pipeline system for transporting oil products locally. The (IEA) of the International Energy Agency said in its monthly report that the crude oil glut that occurred after the outbreak, which led oil-producing countries to cut production, had basically returned to normal. IEA lowered its demand growth forecast for 2021
新浪美股May 13, 2021 03:55
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