{"id":59999,"date":"2026-06-10T11:30:08","date_gmt":"2026-06-10T11:30:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/59999\/"},"modified":"2026-06-10T11:30:08","modified_gmt":"2026-06-10T11:30:08","slug":"nacfb-expo-hsbc-predicts-two-base-rate-rises-before-end-of-2026-the-intermediary","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/59999\/","title":{"rendered":"NACFB Expo: HSBC predicts two base rate rises before end of 2026 &#8211; The Intermediary"},"content":{"rendered":"<p class=\"astor-article-standfirst\">Emma Wilks noted that while Q1 2026 saw some economic improvement, this was &#8220;deja vu for us economists.&#8221;<\/p>\n<p class=\"wp-block-paragraph\">Speaking at the NACFB Expo today (10th June 2026), Emma Wilks, UK economist at HSBC, predicted that the Bank of England would likely hike the base rate this year, with two rises due before the year is out.<\/p>\n<p class=\"wp-block-paragraph\">Wilks said that these rises would likely be reversed next year, but that this would depend on how events play out on the international and local stage. <\/p>\n<p class=\"wp-block-paragraph\">Noting that \u201cthe only certainty is uncertainty,\u201d Wilks noted that while Q1 2026 saw some economic improvement, this was \u201cdeja vu for us economists,\u201d following a similar trend, which was not then sustained, in early 2025. <\/p>\n<p class=\"wp-block-paragraph\">Wilks described a \u201csharp fall back\u201d in business and household confidence, which is likely to continue as \u201cinflationary pressures really start to bite.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Inflation was predicted to peak at 4.1% in 2026, and Wilks warned that it would not drop below the 2% target by the end of 2027. <\/p>\n<p class=\"wp-block-paragraph\">On the subject of supply chain disruption due to international conflict, Wilks said that the issues are yet to fully feed through, and that \u201ceven if the conflict is resolved today\u201d the damage to supply chains is \u201calready baked in.\u201d<\/p>\n<p>Predict &amp; Win &#8211; World Cup 2026<\/p>\n<p class=\"astor-newsletter-headline\">Goal for more this summer.&#13;<br \/>\n&#13;<br \/>\nPredict results, pick the winners and enter Spot the Ball for your chance to win a Sonos home cinema system worth more than \u00a32,000, courtesy of Hampshire Trust Bank.<\/p>\n<p class=\"wp-block-paragraph\">While businesses will be looking to pass on shocks via pricing, income pressures on households will limit how much this is possible.  <\/p>\n","protected":false},"excerpt":{"rendered":"Emma Wilks noted that while Q1 2026 saw some economic improvement, this was &#8220;deja vu for us economists.&#8221;&hellip;\n","protected":false},"author":2,"featured_media":60000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[254,9881,1259,29142,29143,29144],"class_list":["post-59999","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-economy","tag-hsbc","tag-inflation","tag-nacfb","tag-nacfb-expo","tag-rate-increases"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116725587807939842","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/59999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=59999"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/59999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/60000"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=59999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=59999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=59999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}