BlackRock’s Brazier: BOE May Raise Rates Three or Four More Times

The significance here is less the call itself than its source: a major asset manager validating market pricing rather than pushing back against it, which suggests the debate has shifted from whether the Bank of England will tighten further to how far. This matters for rate-sensitive corners of crypto and tokenized real-world assets, where yield expectations set the relative appeal of on-chain instruments versus cash. The open question is whether the growth resilience Brazier cites holds up as the energy shock works through the economy, since that is what would validate or undercut the three-to-four-hike path currently priced.