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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.
- The MNI Markets team expects 3 members of the MPC to vote for unchanged rates, 3 members to vote for a 25bp hike and 3 members to determine their vote based on the outcome of the February inflation data (which the MPC received on Friday morning). In our view, it is not necessarily the headline data but services inflation that will determine the votes of Bailey, Broadbent and Pill.
- If services inflation was to show another notable deceleration in the February data, we would expect to see rates left on hold this week. However, if the January slowdown in services inflation was to be reversed, the MNI Markets team thinks these members would vote for a 25bp hike. This will tip the balance of the MPC into either a hold or a hike.
For the full document, including summaries of over 20 sellside previews 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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