MNI: BOC Surveys Show Slowest CPI Expectations Since 2021

BOC: CONSUMER, FIRM CPI EXPECTATIONS SLOWEST SINCE 2021

MNI BRIEF: Italy '24 Growth at 0.6%, '25 Inflation Sub-2% -BOI

MNI China Daily Summary: Friday, October 11

MNI: PBOC Net Drains CNY183.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.0731 Fri; +3.03% Y/Y

Economic Data Calendar 11/10/2024

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

STIR: 35bp Of BoE Cuts Priced Through Dec, Tier 1 Data Due Next Week

STIR
BulletMarketsFixed Income BulletsForeign Exchange Bullets

BoE pricing continues to track gilts, last little changed to 2bp more hawkish on the day, showing 22bp of cuts for November, 35bp of cuts through year-end and 97bp of easing through June.

  • SONIA futures +4.0 to -1.0.
  • Monthly GDP and economic activity data had little lasting impact on GBP STIRs, as is usually the case.
  • More consequential data is due next week, with the CPI readings (Wednesday) and labour market survey (Tuesday) both scheduled.
  • We will provide greater colour on those releases in our regular Global Week Ahead publication, ahead of the full preview which will be released Monday.
  • We will also hear from the dovish MPC member Dhingra (Monday).

BoE Meeting

Keep reading...Show less
116 words

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.

BoE pricing continues to track gilts, last little changed to 2bp more hawkish on the day, showing 22bp of cuts for November, 35bp of cuts through year-end and 97bp of easing through June.

  • SONIA futures +4.0 to -1.0.
  • Monthly GDP and economic activity data had little lasting impact on GBP STIRs, as is usually the case.
  • More consequential data is due next week, with the CPI readings (Wednesday) and labour market survey (Tuesday) both scheduled.
  • We will provide greater colour on those releases in our regular Global Week Ahead publication, ahead of the full preview which will be released Monday.
  • We will also hear from the dovish MPC member Dhingra (Monday).

BoE Meeting

Keep reading...Show less