MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Lloyds view ahead of this week's MPC meeting

BOE
  • Lloyds look for a unanimous vote for unchanged policy but note that the BOE's "framing of the outlook to point to likelihood of further easing ahead."
  • "The overall message from the MPC [will be] consistent with the possibility of further policy easing being announced in the coming months, with a clear expression that asset purchases will be the preferred policy tool."
  • On QE pace Lloyds note that "the BoE will provide some additional information on the rate of asset purchases following the August policy meeting, however, it is highly likely that the MPC will maintain some degree of flexibility to further alter the rate depending on economic and market conditions." In addition Lloyds point out that a pace of GBP4.5bln would be consistent with purchases continuing through to December.
  • Lloyds thinks that "the MPC are likely to remain content with their previous comments that negative interest rates are not part of the 'active policy discussion'. Therefore, while it is possible that the BoE may suggest that taking Bank Rate into negative territory is more feasible now than was previously … we expect the MPC to do little to suggest that such a move would form part of any near-term policy response"
BulletMarketsFixed Income BulletsForeign Exchange Bullets
BulletMarketsFixed 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.