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MNI BOE Preview - August 2022: 70% chance of a 50bp hike

  • The MNI Markets team assigns a subjective 70% probability to a 50bp hike at this week's MPC meeting (with a 25bp hike if not).
  • Inflation remains high, the PMIs have held up, other central banks have pivoted hawkishly and Bailey hinted towards a 50bp hike at his Mansion House speech.
  • In addition, we will receive an update regarding balance sheet policy. It is unclear how much detail we will receive this week with the MPC expected to hold a September confirmatory vote before beginning active gilt sales.
See the full document including MNI Instant Answers and over 20 summaries of sell side views:

MNI BoE Preview - Aug22.pdf

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