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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
BOE
- 18/24 (75%) of the analyst previews that we read expect a first cut to Bank Rate this cycle (of 25bp), with 6/24 (25%) previews we have read expecting an on hold decision. 3 look for a September hike, 2 for November and 1 did not specify (other than saying not August).
- In terms of the vote split, 13/15 (87%) of those who expected a cut looked for a 5-4 decision (and all who specified looked for Pill, Greene, Mann and Haskel as the expected dissenters). ING and SocGen both look for a 6-3 vote with Pill also voting for a cut.
- Of those expecting an on hold decision, NatWest Markets expect an addition dissenting vote from the Governor while ANZ look for an unchanged
7-2 vote. - In terms of CPI forecasts, the median expectation for the 2-year forecast is 1.9%, with all analysts who explicitly published a forecast in a 1.6-2.0% range.
- At the three-year horizon, the median expectation is 1.7% with forecasts that we have seen ranging from 1.5-1.85%.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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