DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

More from Saunders

BOE
  • "My view is that, conditioned on the same interest rate path, risks would be tilted on the side of greater and more persistent domestic capacity and inflation forces than the MPR forecast."
  • "In my view, we should lean strongly against the latter risk (inflation expectations), because if it materialises (not a negligible risk, in my view) then the process of re-anchoring price expectations could be very costly in economic terms. Such a scenario also could limit the scope for prompt monetary easing the next time the economy needs support. The MPC’s ability to use monetary policy to provide effective support to the economy in 2020 rested on the credibility of the UK’s inflation targeting framework. That credibility is not infinite and cannot be taken for granted."
  • "Conversely, if we hike faster now and then find the economy develops in such a way that medium-term inflation risks tilt heavily to the downside of the 2% target, then the Committee could reassess the policy outlook accordingly. That scenario is not my central expectation. But if it did materialise, I suspect we would be in a better position than now in terms of inflation expectations."
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.