Free Trial

Market seems to believe BOE's forecasts are wrong

BOE

So the main thing now is does the market believe that there will be second round effects in wages and prices that the BOE will need to respond to, so the BOE's forecasts are implicitly wrong? It seems to be that this is the prevailing view at present, and Pill does seem open to hiking more if that is the case noting that: "Were we to see evidence of second round effects in wage and cost developments, a tighter policy than otherwise might be required."

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.