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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
- The median of terminal rate expectations remains 4.25%, although the mode remains higher at 4.50% and the mean have marginally increased from 4.18% to 4.19%.
- The terminal rate according to market pricing is around 4.72% at the of writing but only 2/22 analysts reviews that we have read expect a terminal rate of 4.75%.
- 82% of analysts expect a terminal rate in a 3.75%-4.50% range (up from 73% pre-meeting).
- The majority of analysts expect the final hike in February or March 2023.
- BofA, Credit Suisse, Deutsche Bank, Goldman Sachs and Rabobank all look for a May 2023 hike.
- Barclays and
Berenberg expect the last hike to be in December.
Only
Berenberg sees rate cuts in its base case before the end of 2023. It sees 50bp
of cuts in H2-23 to bring Bank Rate back to 3.00%.
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.
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