Free Trial

MNI BOE Preview - November 2022: Downside risks to 75bp

  • The MNI Markets team expects a 75bp hike at this week’s MPC meeting, albeit with risks of a smaller 50bp hike.
  • UK markets have moved back to close to their prevailing levels ahead of the September MPC meeting but with inflation still in double digits and still flagging concerns in the Bank’s DMP surveys, and still a great deal of uncertainty surrounding the magnitude of fiscal consolidation, we think that the majority of the MPC will not want to disappoint a strong analyst and market consensus of a 75bp hike.
  • With growth already starting to falter, however, we do think there is a risk that the Bank delivers a smaller 50bp hike (but do not see the need for a larger 100bp hike at this stage).
For the full document including summaries of over 20 sell side view see:

MNI BoE Preview - Nov22.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.