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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 thinks that with growth already starting to show some signs of slowing and with Bank Rate getting back to neutral (and potentially in the eyes of some additional MPC members into restrictive territory) that the limitation to upside inflation expectations from the energy price support scheme will be enough to sway the majority of MPC members to vote for a 50bp hike rather than a 75bp hike. We also think the “forceful” language will be maintained at least until the new November MPR forecasts.
- However, this is far from a foregone conclusion and since the August MPC meeting we have only heard from four MPC members.
- The MNI Markets team is concerned that the risks of a delay or alteration to the plan for active gilt sales is much higher than the market anticipates. We discuss this and the Bank of England's options if it decides not to confirm the beginning of active gilt sales this week.
For the full document including summaries of over 20 sell side view 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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