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Peter Chatwell of Mizuho Intl says that.....>

UK VIEW
UK VIEW: Peter Chatwell of Mizuho Intl says that the BoE note on inflation
falling back quicker than expected at Feb IR report means "the case for hiking
(rates) is falling apart".
- With "UK economy on the growth side still shoddy, consumer who is on the brink
of a balance sheet recession and manufacturing sector which is simply an inverse
function of GBP and a service sector on a pause due to Brexit", then case for
hiking rates is not there, Chatwell adds.
- Chatwell sees UK duration as cheap and have a target of 1.1% for 10-yr Gilt
yield by year end. 10-yr Gilt yield last 1.425%, 4.1bp lower on the day.

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