<p>Bank of America on Bank of England monetary policy following the +25bp rate hike last week.</p><p>ICYM the hike news:</p><ul><li><a href="https://ift.tt/P1JBxEz" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 23 Mar: BOE hikes by 25 basis points to 4.25%</a></li></ul><p>BoA now:</p><ul><li> We expect no further rate hikes</li><li>We see no cuts until 2024</li><li>The minutes of the BoE's policy raise upside risks to our terminal rate call of 4.25%. They left enough optionality to hike again but we stick to our call of no more hikes. </li></ul><p>BoA caveat:</p><ul><li> Our forecast is sensitive to the data flow, especially the next inflation reading and any impact on credit conditions from recent banking sector turmoil.</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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