Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: BOE Dhingra Sees Delayed Hit From Past Tightening

(MNI) London
(MNI) London

MPC member Swati Dhingra said she expects inflation to follow producer price falls lower with lags and the impact of BOE hikes to be delayed

True

The effects of falling producer price inflation and previous rate hikes will take time to feed through to consumer prices, Bank of England Monetary Policy Committee member Swati Dhingra said Tuesday, as she expressed confidence that inflation would head lower.

In a speech at Manchester Metropolitan University Dhingra avoided direct comment on the next policy decision but painted a picture of disinflationary effects slowly feeding through the system, with the growth of fixed rate mortgages delaying policy pass through and the complexity of supply chains adding uncertainty to the pass through from producer to retail prices.

Keep reading...Show less
190 words

To read the full story

Why Subscribe to

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.

The effects of falling producer price inflation and previous rate hikes will take time to feed through to consumer prices, Bank of England Monetary Policy Committee member Swati Dhingra said Tuesday, as she expressed confidence that inflation would head lower.

In a speech at Manchester Metropolitan University Dhingra avoided direct comment on the next policy decision but painted a picture of disinflationary effects slowly feeding through the system, with the growth of fixed rate mortgages delaying policy pass through and the complexity of supply chains adding uncertainty to the pass through from producer to retail prices.

Keep reading...Show less