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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.
EXECUTIVE SUMMARY:
- This week’s Bank of England MPC meeting would have probably been a straightforward decision had it not been for the emergence of the Omicron variant.
- Since the November meeting, labour market data has come in even stronger than expected, with end-of-furlough tensions and wage growth elevated even now that base effects have largely evened themselves out.
- Uncertainty seems more elevated now than in November when the MPC kept rates on hold (now driven by Omicron rather than the end of furlough). At this stage a lockdown or other harder governmental restrictions cannot be ruled out, and waiting seven weeks for the first hike is unlikely to make much difference to the inflationary outcome in 2-years time.
- We also include summaries of 21 sell-side analyst notes.
Full document:
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.
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