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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
- The Bank delivered liftoff with a 25bp hike as widely expected although heightened uncertainty had called that into question at the last minute.
- Inflation concerns were prominent in the statement and help maintain its guidance of rate increases ahead, but there was a lack on information on QT plans whilst reinvestment proceedings continue.
- Analysts have largely stuck to existing rate calls, although changes were marginally more hawkish than dovish, and instead turn their attention to see what Governor Macklem reveals on QT plans at 1130ET with his Economic Progress Report, followed by media questions at 1245ET.
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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.
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