MNI: PBOC Net Drains CNY236.6 Bln via OMO Tuesday

MNI BRIEF: Market Cash Rate Pricing Off - RBA Minutes

MNI: PBOC Sets Yuan Parity Lower At 7.1325 Tues; +2.12% Y/Y

China Repo Rates Rise On Tuesday

CHINA PBOC CONDUCTS CNY149.1 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1325 TUES VS 7.1415

Headline Consumer Sentiment Softens, House Price Expectations Rise Further

EZ/UK Bond Supply Calendar: Finland Syndi; Green Bunds Due Tues

CBRT Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

MS now looks for a "more front-loaded hiking cycle"

BOE
  • "With a tighter labour market and higher inflation pointing to increased inflation risks, we see a more front-loaded hiking cycle, with 25bp hikes in May and August as well, paving the way for a start to active gilt sales this autumn – likely at a comparatively modest pace of £20 billion per year, given uncertainty about the impact." MS had previously expected 2022 hikes in February and November.
  • "Because we expect global forces on inflation to ebb, and UK inflation to moderate, we think that modest active sales next year will imply only two Bank Rate hikes in 2023, taking it to roughly neutral in 2023." MS had previously only expected one hike in 2023. It now looks for end-2023 Bank Rate at 1.50% from 1.00% previously.
  • MS notes that "a fragile growth outlook means that we think risks are skewed towards fewer hikes."
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.