And now markets have even moved to cost in a ~50% likelihood for a fee minimize in March 2024 as nicely. By June, there’s a complete of 55 bps price of fee cuts now priced in by the OIS market. As for the whole lot of subsequent 12 months, there’s a complete of ~137 bps price of fee cuts priced in and that may be a step up from the ~117 bps complete earlier than the UK CPI information.
This text was written by Justin Low at www.forexlive.com.
