Free Trial

MNI BOE Preview - March 2021: Tug of war

MNI (London)

MNI View: Tug of war between better outlook and financial conditions

  • Thursday's Bank of England MPC meeting will be a tug of war between a generally better economic outlook and tighter financial conditions. No headline changes are expected to rates or the stock of QE, but the pace of purchases will be watched.
  • The MNI Markets team thinks that the MPC will acknowledge the better outlook but state discomfort with the pace of rate hikes priced into markets.
  • We have read through over 20 analyst previews. Most analysts expect a balanced statement noting the improved economic outlook, stimulus from the Budget and encouraging vaccine progress and expect this will be enough to stop the Bank pushing back too hard against the rise in yields. For more see page 3.
For the full BoE preview including summaries of 21 sell-side analyst notes, please click the link below:

To read the full story



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.