NatWest: BOE rates to peak at 4.5%

NatWest said there was not much dovish tone in the Bank of England‘s statement on Thursday, leaving open the possibility of further interest rate hikes. However, analysts at the bank expect inflation to ease in the UK in 2023, with headline inflation falling rapidly in the coming months and the adverse impact of rate hikes on consumers dampening demand, meaning 4.5% could be the BoE peak interest rate.