Hiking All the Way
by AIB Treasury Economic Research Unit
- This week’s raft of central bank meetings may not provide much in the way of festive cheer for markets.
- Since the US Fed started to raise rates in March, it has hiked by 375bps, including four consecutive 75bps increases.
- Meanwhile, the BoE started its rate tightening cycle last December and has hiked for eight consecutive meetings, with the Bank Rate currently at 3%.
- The ECB was much slower out of the blocks to tighten policy.
- A busy data schedule also lies ahead next week.
- Similarly, UK CPI data for November are due the day before the BoE meets.
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