UBS revises forecast for BOE rate hike in May

UBS has revised its UK interest rate forecast, that the Bank of England may be not raising interest rates throughout 2018. The Bank's analysts attributed the forecasts to disappointing economic data, most recently GDP, as the economy recorded the slowest pace of growth since the second quarter of 2012. On the other side, HSBC revises BOE rate hike forecast, sees no hike through end-2019.