Free Trial

BOE: Upcoming MPC speakers (1/2)

BOE
  • Mansion House will be the highlight on the speech circuit this week with both Chancellor Reeves and Governor Bailey headlining on Thursday. The text of Governor Bailey’s speech will be released at 18:00GMT, and coming so soon after the November MPR and press conference it would be unusual for him to mark a notably different tone on monetary policy. At the time of writing there is no title for the speech. Chancellor Reeves is reportedly going to use the speech to discuss pension reforms, possibly including merging together some smaller public sector scheme and encouraging investment into UK infrastructure.
  • Elsewhere this week we will also have appearances from Huw Pill (Tuesday) at the UBS conference on “Reversing the great global tightening – how far and how fast?” As a formerly hawkish dissenter (at the August MPC meeting he preferred to leave Bank Rate on hold) his comments will be closely watched to see if he gives an update on how he personally sees the balance of risks between the BOE’s three “cases” (case 1 more dovish, 3 more hawkish, 2 the central case). His comments on Friday at the Agency briefing were broadly in line with case 2, but he was delivering those representing the wider MPC, so it is unclear whether this is in line with his personal view.

     

219 words

To read the full story

Close

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.
  • Mansion House will be the highlight on the speech circuit this week with both Chancellor Reeves and Governor Bailey headlining on Thursday. The text of Governor Bailey’s speech will be released at 18:00GMT, and coming so soon after the November MPR and press conference it would be unusual for him to mark a notably different tone on monetary policy. At the time of writing there is no title for the speech. Chancellor Reeves is reportedly going to use the speech to discuss pension reforms, possibly including merging together some smaller public sector scheme and encouraging investment into UK infrastructure.
  • Elsewhere this week we will also have appearances from Huw Pill (Tuesday) at the UBS conference on “Reversing the great global tightening – how far and how fast?” As a formerly hawkish dissenter (at the August MPC meeting he preferred to leave Bank Rate on hold) his comments will be closely watched to see if he gives an update on how he personally sees the balance of risks between the BOE’s three “cases” (case 1 more dovish, 3 more hawkish, 2 the central case). His comments on Friday at the Agency briefing were broadly in line with case 2, but he was delivering those representing the wider MPC, so it is unclear whether this is in line with his personal view.