RANsquawk

Blog

  • Bank of England expected to lift its base rate by 25bps from 0.50% to 0.75%; vote split expected to be 7-2
  • Recent UK data points and MPC rhetoric has lead to markets pricing in a circa 80-90% chance of a hike
  • Little in the way of material changes are expected for inflation and growth forecasts with the economy having developed largely in-fitting with the MPC’s expectations

BACKGROUND

After what has been a complex year thus far for the Old Lady,...

We're closing the desk early today. Stay safe, don't drink and drive (better to smoke weed and fly), play nicely, a… https://t.co/cs1W8uq2sY