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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
Looking at the BOE forecasts there's still quite a steep bounceback in Q3. It looks as though the BOE have gone for a fairly optimistic swoosh or Nike tick shaped recovery. The question is with CPI coming back to close to target at the end of the forecast horizon, how big a miss do we need to the data to get more QE? The majority of analysts were still looking for more QE to be announced in November before this meeting. Many would probably argue an 18% Q3 bounceback looks too optimistic so may well stick with their QE forecasts.
| Quarter | Forecast |
|---|---|
| Q2-2020 | -21% |
| Q3-2020 | 18% |
| Q4-2020 | 3.5% |
| Q1-2021 | 1.7% |
| Q2-2021 | 1.7% |
| Q3-2021 | 1.4% |
| Q4-2021 | 1.2% |
| Q1-2022 | 0.6% |
| Q2-2022 | 0.6% |
| Q3-2022 | 0.5% |
| Q1-2023 | 0.5% |
| Q2-2023 | 0.4% |
| Q3-2023 | 0.4% |
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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