In Brave New World, U.K. Markets Don't See Any BOE Hike, Forever
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Higher interest rates in the U.K. are very much out of sight for the markets. Not just for the next few months or few years -- but possibly forever.
This week saw the yield curve inverting for the first time since the financial crisis, but what’s more interesting is that this time around, the Bank Rate is at just 0.75%, compared with almost 6% then.