MNI Gilt Week Ahead: Still digesting last week's data

• Last week saw six MPC members make appearances with Governor Bailey, Ramsden, Haskel, Saunders, Pill and Cunliffe all speaking (although the latter not mentioning monetary policy).
• Pill’s comments were more notable in our view, he seemed to imply that for him the bar to a 50bp hike is high and that with the uncertainty there is currently that he would prefer moving gradually. To us his comments seemed consistent with 25bp hikes in June and probably August, before reassessing to see if more would be needed.
• The week ahead’s data calendar will be much quieter with the flash PMI data the highlight tomorrow, with public finance data also due. The only speakers due this week are Governor Bailey as a panellist at the Austrian National Bank’s “Return of Inflation” event and Tenreyro.

GiltWeekAhead20220523.pdf