Free Trial
MNI EXCLUSIVE

Outlook For BOE Gilt Purchases And Sales

RUSSIA

Weekly CPI Rises For Second Consecutive Week

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Summary of Analyst Views (1/2)

BOE
  • 5/21 (24%) analysts look for a 75bp hike in November. BNP and Credit Suisse had expected a 75bp September hike and push this to the next meeting. Deutsche Bank, Goldman Sachs and NatWest Markets also now look for a 75bp hike in November.
  • The remaining analysts all look for a 50bp in November, albeit most of them acknowledge risks of a 75bp hike, and all see risks skewed to 75bp rather than 25bp.
  • At the time of writing (following the government’s Growth Plan), markets pricing around 84bp for November – with a 100bp hike not expected by any analyst (at least before any post-Growth Plan forecast updates).
  • Every analyst also looks for at least a 25bp hike in December 2022 with Goldman Sachs and NatWest Markets both looking for a second 75bp hike (10%), 11 analysts (52%) looking for 50bp and 8 expecting 25bp (38%).
145 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • 5/21 (24%) analysts look for a 75bp hike in November. BNP and Credit Suisse had expected a 75bp September hike and push this to the next meeting. Deutsche Bank, Goldman Sachs and NatWest Markets also now look for a 75bp hike in November.
  • The remaining analysts all look for a 50bp in November, albeit most of them acknowledge risks of a 75bp hike, and all see risks skewed to 75bp rather than 25bp.
  • At the time of writing (following the government’s Growth Plan), markets pricing around 84bp for November – with a 100bp hike not expected by any analyst (at least before any post-Growth Plan forecast updates).
  • Every analyst also looks for at least a 25bp hike in December 2022 with Goldman Sachs and NatWest Markets both looking for a second 75bp hike (10%), 11 analysts (52%) looking for 50bp and 8 expecting 25bp (38%).