Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Hike Expectations Dip On Ramsden "Modest Tightening" Comment


BoE hike expectations slip on release of Ramsden speech; March meeting implied hike down to 32bp from ~35bp earlier as Ramsden - who voted for 50bp previously - makes comments seen as less hawkish. Markets eyeing the "modest" language in that regard:

  • "Looking ahead, like the rest of the Committee I judge that if the economy develops broadly in line with the February MPR forecast, some further modest tightening in monetary policy is likely to be appropriate in the coming months. The word “modest” is significant here though – I do not envisage Bank Rate rising to anything like its pre-2007 level of 5% or above, let alone to the kind of levels we used to see before the MPC was formed in 1997."

OIS Implied March BoE Rate ChangeSource: BBG

To read the full story

Why Subscribe to


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.