Free Trial

Pill tees up vote for at least 75bp in November

BOE
  • Pill highlights: He very much points to the right time to act being at the November MPC meeting when the new MPR is out and the BOE has new forecasts. Says in his opinion the fiscal announcement has significant impact and requires a significant monpol response.
  • To me "significant" sounds bigger than "forceful" but there is no way of knowing if this is pointing to a 75bp hike or something larger in November. I'd still stick in the 75bp camp for now - but with the 3 members voting for 75bp in September joining him, we would only therefore need one more MPC member to get a 75bp hike in November.

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.