CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Linkers could be impacted by ONS treatment of energy support scheme

GILTS
  • The ONS has announced that the domestic energy grant will not impact CPI or RPI and will be not be treated as a price cut.
  • The BOE had always assumed that would be the case in their forecasts - but some private forecasters had taken the assumption this would be treated differently.
  • This will also impact linkers as without the discounts being included in the calculation, RPI will be higher than it otherwise would have been.
  • And it will also potentially impact the way the government handles energy support in the future - they're less likely to do it in a way that isn't seen to help lower the headline rates of CPI... We still have very little detail on Truss's plans to help households (assuming she wins the leadership contest which markets price at 93% presently).
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.