ING says "edging towards a BoE hike in June", following BoE meeting (prev. saw no tightening in 2026)
- "Whether that’s followed by one or even two extra hikes, as markets are currently pricing, we’re less convinced right now."
Context
The statement from ING signals a potential shift in the Bank of England's (BoE) tightening timeline, now indicating an approach to a rate hike as soon as June, contrasting with previous expectations of no adjustments until 2026. This adjustment could lead to a recalibration of market pricing for rate hikes, though ING expresses skepticism about the likelihood of multiple increases in the near term. Such a narrative may strengthen the GBP while influencing fixed income markets as investors reassess the rate outlook.
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