Free Trial

MNI BOE Preview -June 2021: Encouraging data; more uncertainty

Executive Summary

  • We think it is unlikely, but the most significant event for the market at the June meeting, would be if another MPC member joined Haldane in voting for a reduction to the QE target.
  • Economic data has been encouraging: the biggest surprise to the economic data has been the increase in core CPI in June to 2.0%.
  • The MNI Markets team do think the extra uncertainty will be enough to stop any members of the MPC making any further hawkish moves, however. And then there is the elephant in the room of what happens to the labour market when the furlough scheme begins to wind down.
Click here to view full preview:

MNI BoE Preview - Jun21.pdf

To read the full story

Close

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.