MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BoE Review - September 2024: "Gradual" Just Means Not 50bp

The word "gradual" was added to guidance. We think it acts as guidance that the BOE will not follow the Fed's 50bp cut.
Central Bank ReviewGlobalHomepageBoE- ReviewCEEMEACentral Bank ReportsUKMarketsStoryRegion

MNI (LONDON) - EXECUTIVE SUMMARY: 

  • There was nothing in the Statement / Minutes to provide much of a future steer (other than to rule out 50bp).
  • The word "gradual" was added to guidance. Without reading the Minutes you could misinterpret that as guiding closer to a quarterly pace. However, Dhingra's vote for a sequential cut was also described as "gradual." 
  • We round up the other important parts of the meeting as well as over 20 sellside reviews.

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK: MNI BoE Review - Sep24.pdf

89 words

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.

MNI (LONDON) - EXECUTIVE SUMMARY: 

  • There was nothing in the Statement / Minutes to provide much of a future steer (other than to rule out 50bp).
  • The word "gradual" was added to guidance. Without reading the Minutes you could misinterpret that as guiding closer to a quarterly pace. However, Dhingra's vote for a sequential cut was also described as "gradual." 
  • We round up the other important parts of the meeting as well as over 20 sellside reviews.

FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK: MNI BoE Review - Sep24.pdf