CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

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

Pill sounds a little more hawkish than Bailey and Ramsden was definitely more dovish

BOE
  • Pill doesn't sound as though he is looking for an imminent cut here. He thinks little has changed but we have progressed through time to when a cut will be closer.
  • At first glance, that is a little more hawkish than Bailey's comments last week and Ramsden definitely sounded more dovish.
  • Highlights from the speech:
  • "Evaluating the MPC’s key indicators of inflation persistence – and looking through the unavoidable month-to-month noise in the data (compounded at present by concerns about the reliability of certain key indicators in the face of statistical challenges) – my reading is that there has been little news in recent months."
  • "We are now seeing signs of a downward shift in the persistent component of inflation dynamics. But we still have a reasonable way to go before I am convinced that the persistent momentum in underlying inflation has stabilised at rates consistent with achievement of the 2% inflation target on a sustainable basis."
  • "The absence of news and the passage of time have brought a Bank Rate cut somewhat closer. But the same absence of news gives me no reason to depart from the baseline that I established in Cardiff"
Homepagemarkets-real-timeCreditBulletMarketsFixed 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.