MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI BRIEF: Limited Economic Impact Of French Crisis - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

How soon can we get an increase in the remit? (1/2)

GILTS
  • An increase in the gilt remit could be imminent (MNI expects we will probably get an update this month). Remit revisions normally occur alongside Budgets or formal fiscal statements, and the DMO tends to base its estimates on OBR forecasts.
  • However, as we still don't know the timing of any emergency Truss budget today's energy price announcement (and the potentially large costs associated) may mean that we get an interim update as soon as in the next few days which may or may not cover the entire remainder of the fiscal year. There is precedent for not covering the whole fiscal year during the furlough scheme announcements. There is also precedent for not waiting for formal OBR forecast updates.
  • It's still unclear whether we will get any OBR estimates of the cost of the energy price policy ahead of a fiscal event, or whether we will just be relying on Treasury forecasts.
Political Risk BulletFixed Income BulletsHomepageBulletMarketsPolitical Risk

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.