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Investment Event

BoE near peak UK rates
22 September 2023
    Download the full reportPDF, 661.84KB

    Key takeaways

    • The BoE left its policy rate unchanged 5.25 per cent in a finely balanced decision
    • The BoE is increasingly concerned about the risk of overtightening policy. However, inflation and wage pressures remain elevated
    • We continue to advocate a cautious asset allocation, which includes an underweight view on UK equities
    • We are neutral on short-dated gilts but see value in the 10yr sector