# BNP Paribas lowers its Bank of England terminal rate forecast
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-08-04
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: BNP Paribas Lowers BoE Terminal Rate Forecast to 5.50%
Meta Description: Read about BNP Paribas' updated forecast for the Bank of England terminal rate and the recent key interest rate hike by BoE. Get the latest updates here.
URL: https://financedigest.com/bnp-paribas-lowers-its-bank-of-england-terminal-rate-forecasthtml

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# BNP Paribas lowers its Bank of England terminal rate forecast

(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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