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Market move● Neutral for Indian equities
Global Market: BoE officials signal growing openness to rate hike as energy costs stay high
The brief
- BoE policymakers are signalling greater openness to a rate hike
- Elevated energy prices threaten to keep inflation above target
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- India to continue diesel exports despite possible US ban amid tightening global fuel market
- Iran-linked diesel price spike makes electric trucks cheaper than diesel in key EU markets, environmental group says
BoE rate outlook shifts amid high energy prices
Morgan Stanley changed its Bank of England rate call, forecasting hikes in November and February. Governor Andrew Bailey said high energy prices make it harder to keep rates on hold, as policymakers see greater scope for a hike amid inflation concerns.
Friday, 25 September
- Global Market: BoE officials signal growing openness to rate hike as energy costs stay high