BNP Paribas lowers its Bank of England terminal rate forecast

BNP Paribas lowers its Bank of England terminal rate forecast

(Reuters) – BNP Paribas on Friday lowered its Bank of England (BoE) terminal rate forecast to 5.50% from a prior estimate of 5.75%.

The move comes after BoE raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday.

(Reporting by Subhadeep Chakravarty; Editing by Dhanya Ann Thoppil)