# BNP Paribas lowers its Bank of England terminal rate forecast
Published: 2023-08-04
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: BNP Paribas Lowers BoE Rate Forecast to 5.50%
Meta Description: Stay informed on BNP Paribas' updated Bank of England terminal rate forecast of 5.50% amid recent rate hikes. Expert insights available here.
URL: https://business.express/bnp-paribas-lowers-its-bank-of-england-terminal-rate-forecast/

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(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)


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