MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

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

MS also push first hike to February

BOE
  • "We now see a 15bps move only in February, but still expect the Bank Rate to end 2022 at 75bp."
  • "The shift in commentary to include explicit reference to downside risks and benefits of waiting leads us to revise our call... This means the BoE would reinvest the £25bn of gilts maturing in March."
  • "We see this move as a tactical delay, however, and not a fundamental change in view on the UK growth and inflation outlook, nor the MPC's reaction function."
  • Now expect a "15bp hike in February, a 25bp hike in May triggering a start to QT in July, and another 25bp hike in November. We then see inflation declining and the pace of economic growth coming down, and therefore look for the pace of rate hikes to slow to one in 2023."
  • MS "see only modest risk of a larger rate hike in February, for example a 40bps hike"
  • "In the bear case Omicron scenario of renewed 1Q22lockdown, we see the BoE hiking only twice next year - but then twice in 2023, taking the Bank Rate to 100bp at the end of 2023."
  • "It is possible that the MPC could implement another round of QE in 1Q22, in the case of another lockdown and re-introduction of furlough
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.