Free Trial

Goldman: Hurdle In The UK Disinflation Process

GILTS

Goldman Sachs write “ongoing monthly data releases point to a mixed picture for UK disinflation. “

  • “We do not think recent/upcoming releases will bring BoE tightening in the near term, given the revealed preference to hold rates at current levels which are seen as sufficiently restrictive.”
  • “However, we believe mixed (or slow) progress on inflation could further illustrate the BoE's relatively higher inflation tolerance compared to G3 peers.”
  • “We expect this to fuel rates volatility at intermediate maturities and to potentially threaten the recent outperformance of UK duration.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.