Central Banks
Calls Mount for ‘Assertive and Hawkish’ BOE Response to Tax Cuts
- JPMorgan, Citigroup see BOE hiking 75 basis points in November
- Deutsche Bank analyst tells BOE to raise rates this week
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Bank of England Governor Andrew Bailey is under intensifying pressure to serve as a line of defense for rattled financial markets amid calls to hike interest rates aggressively, perhaps as soon as this week, after the new government’s tax-cutting spree.