Goldman Sachs Sees Bank of England Rate Hike Coming in November

Goldman Sachs has revised its forecast for the Bank of England's monetary policy, predicting a rate hike in November 2023. According to the financial giant, this adjustment is necessary due to persistent inflation pressures and robust economic growth.

The predicted rate hike is expected to be 25 basis points, a significant shift from Goldman Sachs' previous expectation that the Bank of England would maintain steady rates through 2026.

This change in forecast highlights the ongoing challenges central banks face in balancing economic growth with inflation control.