LONDON (MNI) – The Federal Reserve will not raise rates until 2015,
according to SocGen’s newest rate call.
SocGen previously forecast that the Fed would raise rates in Q3
2013
The bank has also pushed back its timing for the next ECB rate hike
until to Q3 2012 – having previously forecast 100bp of tightening by mid
2012.
The BOE is forecast to leave Bank Rate at 0.5% until early 2013.
SocGen previously had forecast the next BOE hike in Q1 2012.
For more information contact David Thomas on 44-20-7862 7492 or
e-mail: drobinso@marketnews.com.
[TOPICS: M$B$$$,M$$BE$,MMUFE$,M$$EC$]
