BoE might hike rates on robust UK manufacturing

08/23/07 - ING Financial Markets

LONDON, August 23 (newratings.com) - Analysts at ING Financial Markets say that recent data shows that UK manufacturing remains robust.

In a research note published this morning, the analysts mention that the financial markets have priced in only a limited chance of a rate hike to 6%. The Bank of England (BoE) continues to be focused on monetary tightening, ING Financial Markets says. The BoE is likely to hike rates in September.