MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

VIEW CHANGE: Barclays: 50bp in August with 5.75% terminal rate

BOE
  • “We think the burden of proof has now shifted such that the data would need to show notable easing in the labour market and deceleration in inflation in order to slow the pace of hiking.”
  • “The MPC stated in these minutes that it now expects services inflation to be 'broadly unchanged in the near term' (from 7.4% y/y currently), ie, well above expectations in the May MPR. However, we think it will require at least two sets of relatively unchanged prints to bring enough reassurance to revert back to 25bp.”
  • “We now expect another 50bp hike in August and a final 25bp hike in September for a terminal rate of 5.75% (prev. 5.5%).”
  • “We continue to see four 25bp cuts in H2 24, leaving Bank Rate at 4.75% at the end of 2024.”
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.