MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

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

Long-term inflation expectations data marginally encouraging for MPC

UK DATA
  • Overall the Bank will probably be marginally encouraged by the fall in long-run inflation expectations with slight disappointment over the rise in expectaions for 1-2 years.
  • Inflation expectations over the coming year and the following year edged up a little in the August survey versus the May survey. However, the MPC will be more concerned here with the longer-term inflation expectations - which fell from 3.0% in May to 2.9% in August. That is the lowest level since May 2021, down from a peak of 3.5% in May 2022 and now only 0.3ppt above the long-run average of 2.6%
  • 63% of respondents expected further rate rises (up from 57% in May).
  • The number of respondents who said rates had risen "a lot" over the past 12 months rose to 65% (from 51% in May).
  • The number of respondents saying they were "very dissatisfied" with how the Bank is doing its job rose to the highest number since the survey began in 1999 while net satisfaction fell to its lowest level, too. This probably won't concern the Bank as people are unlikely to be happy while interest rates are rising and inflation is above target - although it will be something the Bank will be hoping will change when inflation gets back closer to target).
  • The survey was carried out 4-7 August - so immediately after the last MPR and rate hike.
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed 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.