Free Trial
USDCAD TECHS

Trend Needle Points South

US TSYS

Fed Terminal Up To 5.06% in June 2023

AUDUSD TECHS

Heading North

US TSY FUTURES

Late Dec/Mar Tsy Roll Level Update

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: UK Firms' One Year Inflation Expectations 9.5% -BOE

(MNI) London
(MNI) London

A September BOE business survey found inflation expectations still rising, averaging 9.5% a year ahead and 4.8% in 3 years' time.

True

Inflation expectations rose markedly in the the Bank of England's September business executive survey, its Decision Makers Panel survey, with year ahead expectations 9.5% -- compared to 8.4% in August -- and 4.8% three years out.

While the rise in expectations would at first glance appear to bolster the case championed by Monetary Policy Committee members Cathy Mann that aggressive tightening is needed to crush inflation expectations and prevent inflation spiraling other measures of inflation pressures in the survey were more mixed. The DMP found that firms expected wage growth to ease back, however, from 6.5% in the 12 months to September to 5.9% over the next 12 months.

Keep reading...Show less
194 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Inflation expectations rose markedly in the the Bank of England's September business executive survey, its Decision Makers Panel survey, with year ahead expectations 9.5% -- compared to 8.4% in August -- and 4.8% three years out.

While the rise in expectations would at first glance appear to bolster the case championed by Monetary Policy Committee members Cathy Mann that aggressive tightening is needed to crush inflation expectations and prevent inflation spiraling other measures of inflation pressures in the survey were more mixed. The DMP found that firms expected wage growth to ease back, however, from 6.5% in the 12 months to September to 5.9% over the next 12 months.

Keep reading...Show less