City analysts have begun a major about-turn on their expectations of central bank interest rate rises following the shockwaves rippling through the financial markets amid the rescue takeover of Credit Suisse.
Over 50% of investors now expect the Bank of England to swerve a further interest rate rise when members of its Monetary Policy Committee meet later this week, according to a Refinitiv poll – a huge jump from the roughly 10% who shared that view at the beginning of the month. Over 60% expect the US Federal Reserve to keep rates flat too.
