Sept 22 (Reuters) - Most major brokerages expect the Bank of
England (BoE) to hold the policy rate at 5.25% for the rest of the year
after the central bank paused its tightening cycle on Thursday following
14 back-to-back rate hikes. 
    While most expect Bank Rate to peak at 5.25% as inflation declines
and growth slows, J.P.Morgan and Citigroup haven't fully ruled out the
possibility of another hike. Citi sees a 35% chance for another hike this
year, while J.P.Morgan says there is a "good chance" the BoE will resume
tightening in the next six months.
    Some brokerages including HSBC, expect the rate to be held steady
till end of 2024, while others, such as Morgan Stanley and Barclays,
expect the BoE to start cutting rates around mid-2024. 

    Following are forecasts from some global banks:    
 Brokerage name        Current Terminal Rate    Previous Terminal Rate
                       Expectation              Expectation
 Barclays                                5.25%                      5.50%
 BNP Paribas                             5.25%                      5.50%
 Citigroup                               5.25%                      5.50%
 Deutsche Bank                           5.25%               5.75% (as of
                                                    early Aug; expected a
                                                       skip at Thursday's
                                                                 meeting)
                                                                         
 Goldman Sachs                           5.25%                      5.25%
 J.P.Morgan                              5.25%                      5.75%
 Morgan Stanley                          5.25%                      5.50%
 UBS                                     5.25%                      5.50%
 HSBC                                    5.25%                      5.50%
 
    

 (Complied by the Broker Research team in Bengaluru; Editing by Eileen
Soreng)