MNI BRIEF:Eurogroup Chair Sees France, EU Paring `25 Borrowing

RPT-MNI INTERVIEW: BOC Rate Cuts Justified: Ex Adviser Ambler

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 4%

MNI China Daily Summary: Thursday, April 11

MNI BRIEF: EU Risks Damaging Trust With China - MOFCOM

MNI BRIEF: China Small Lenders To Cut Deposit Rates Further

MNI: FED BALANCE SHEET TOTAL ASSETS -$1.4B TO $7.438T IN WEEK

MNI: USDA: 2023/2024 CORN PRODUCTION EST 15.34B BSL

US EIA:NAT GAS STORAGE +24 BCF TO 2,283 BCF APR 05 WK

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

View Change: JP Morgan: 50bp more likely in Sep, then more hikes from Aug23

BOE
  • “With gas prices having moved higher, there is a clear risk of further second round inflation effects, and the BoE’s surveys are signaling higher wage inflation. September looks like a close call between 25bp and 50bps, but we now think 50bp is more likely”
  • “While the continued inclusion of the word “forceful” is not a commitment, it suggests the bar for another 50bp hike in September is not particularly high. It is notable the BoE again made it clear that its internal surveys are suggesting that wage growth will continue to strengthen more than had previously looked likely, with firms having relative ease in passing on such costs.”
  • “We then expect the BoE to pause in November (previously 25bps) as it sees clearer evidence of weakening growth domestically and elsewhere in Europe, and some clearer signs of a weakening labor market. That would leave rates still at 2.25% by year end, but a little more front loaded”
  • Further 25bp hikes in August 2023 and November 2023 to 2.75%.
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.