The terminal fee that the agency sees the BOE chopping to continues to be 3%, wherein they view as “impartial”. However “with the near-term value headwinds”, they’re revising their forecast timeline in seeing the central financial institution now chopping as soon as each quarter ranging from September. That may imply reaching the three% estimate in Q3 2026. HSBC provides that “there are dangers in each instructions” now.
HSBC nonetheless sees the BOE chopping the financial institution fee in Might and August however beforehand anticipated a fee lower “at each assembly from September 2025 to February 2026” to a 3% terminal fee.
