HSBC: BOE rate hike forecast pushed back to May 2017

In its latest review published earlier today, HSBC pushed back its forecast for a BOE rate hike by six months, irrespective of the outcomes of the EU referendum.

Key Points:

Forecast pushed back from Nov 2016 to May 2017

See rates on hold for longer due to the recent slowdown regardless of EU referendum outcome

See 2016 GDP growth of +1.8% vs +1.9% prev