RPT-MNI INTERVIEW: Fed To Look Through Price Bumps-Shelton

MNI China Daily Summary: Tuesday, February 11

MNI BRIEF: China To Boost Passenger Train Services

MNI BRIEF: China SME Index Up In January

MNI: PBOC Net Injects CNY33 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1716 Tues; -1.53% Y/Y

MNI: NORWAY Q4 MAINLAND GDP -0.4% Q/Q

MNI: UK BRC JAN BY VALUE SHOP SALES LFL +2.5% YY, TOTAL +2.6% YY

EZ/UK T-Bill Calendar: Spain, Belgium, Finland Due Tuesday

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BOE: Mann seems to pays more attention to MaPS than models for neutral rate

BOE
Bank of EnglandCentral Bank NewsCEEMEABulletUKMarketsFixed Income BulletsForeign Exchange Bullets
  • Key point for us (in addition to what we learnt in the FT interview) is that she doesn't point to the BOE's updated model-based estimates for equilibrium (2.25-3.75%) but she points to the MaPS survey that has the neutral rate at 3.00-3.50%.
  • This suggests that is more in line with her thinking.
  • And if she wants to stay restrictive we are 100bp above the upper end of the neutral estimate.
68 words

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.
  • Key point for us (in addition to what we learnt in the FT interview) is that she doesn't point to the BOE's updated model-based estimates for equilibrium (2.25-3.75%) but she points to the MaPS survey that has the neutral rate at 3.00-3.50%.
  • This suggests that is more in line with her thinking.
  • And if she wants to stay restrictive we are 100bp above the upper end of the neutral estimate.