Morgan Stanley Now Expects BoE Rate Hikes in November and February

The shift matters less for the hike itself than for what it signals about how quickly the macro consensus is repricing. A bank moving from no hikes to two in one revision suggests the inflation or growth data has surprised enough to break the prior framework, which tends to move rate-sensitive assets before any policy meeting. The open question is whether other forecasters follow or treat this as an outlier, since that determines whether it becomes a broader repricing or stays a single-house view.