Free Trial

Inflation forecasts could have been even lower...

BOE
  • Note that the BOE changed the period it takes market rates to be the seven working days to 25 Oct - they normally take 15 working days.
  • This means that the rate path used in the forecasts is lower than had been expected by analysts - but the inflation forecasts are also lower than had been expected - otherwise it appears the BOE would have been forecasting deflation.
  • The BOE notes that " In the immediate run-up to the MPC’s November meeting, market-implied expectations for the path of Bank Rate had peaked at around 4¾%."

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.