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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.
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Free AccessMNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
Summary of Analyst Views (Sorted by Hawkish to Dovish) (3/5)
Deutsche | Expect at least one dissenter to curtail QE. Now look for first hike of 15bp in Aug 22, with 25bp hike in Feb 23 and May 24 with "some modest unwind" of the balance sheet in 2022. |
Morgan Stanley | Expect a 7-1 vote with Saunders the sole dissenter. Look for "Bank Rate threshold for QT to be reduced to 1%." Feb 22 signal for Aug 22 hike of 15bp. |
BNP | Expect 7-1 vote with first hike in Aug-22 with "risks skewed towards earlier tightening". Expect confirmation of rate hikes before QT but rates threshold for QT to be removed. |
NatWest Markets | Inf fcast 2.15% in 2 years/2.05% in 3 years. First 15bp hike Nov 22 with 25bp in Q1-23. Do not expect QT "before Bank Rate has reached at least 0.5% (and probably closer to 1.0%)." |
JP Morgan | Base case for 7-1 vote. Inflation back to 2% at 2/3 year horizons. Still look for first hike in Q4-22 with UnE rate remaining below 5% a potential trigger for H1-22 hike. |
To read the full story
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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.