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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.
- Following the May MPC meeting the wideheld view was that Bank Rate would see a final 25bp hike in June 2023 to a terminal 4.75%.
- However, since then we have seen both labour market and inflation data surprise notably to the upside, markets have added over 100bp to terminal pricing and all analysts (as well as the MNI Markets team) look for 25bp hikes in June and August, at the least.
- We expect little change to forward guidance and lean towards a 2-7-0 vote (unch-25-50).
- The MNI Markets team thinks that it is looking like we will not get the first cut for around a year from now, with wage growth likely to remain elevated.
- We also summarise the views of over 20 sellside analysts.
For the full MNI BOE Preview see:
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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