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Three MPC appearances now on the agenda for next week

BOE

After the election communications blackout for the BOE, Catherine Mann has been added to next week's agenda.

  • On Monday Haskel will kick off the week with a speech at 17:15BST entitled "What's done and what's to come", to be delivered at ESCoE/Kings College London. His last meeting will be in August (and this is his second term so he cannot be renewed). Note that he is amongst the most hawkish MPC members so we wouldn't expect him to be hinting at cuts at this stage (if he does that is a very dovish sign).
  • Huw Pill will speak at Asia house on Wednesday 10 July at 14:30BST. Pill is generally seen as the most hawkish of the internal members - if he strikes a more dovish tone it would likely be interpreted as a dovish shift for all of the internal members and increase the probability of an August cut. In our view this is the most important currently scheduled UK event of next week.
  • Mann will appear on a panel on business investment, also on Wednesday 10 July in Manchester. She has been one of the most hawkish MPC members for some time, but her stance seemed to have softened a little in recent speeches. The panel is not directly covered monetary policy, but she is normally forthright with her views when she is asked (even if it is slightly off topic) and it will be interesting to see whether she is still some way from considering voting for a cut.
  • In addition to these three scheduled appearances, there is a good chance that some of the other MPC members conduct media interviews after the election blackout period ends in the two weeks ahead of the quiet period for the August MPC meeting beginning.

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