Bank of England (BoE) policymaker Catherine Mann said on Tuesday that “markets are pricing in too many cuts to rates.“
Additional comments
Changed her vote on rates due to consumers disciplining firms pricing, changing dynamic in labor markets and financial market curve.
Discretionary services inflation has started to soften in last couple of month.
Firms are increasingly cutting hours in labor market.
National insurance rate cuts will add more workers to labor market, will affect wage dynamics soon.
In february i thought makrets were easing too much.
Markets are perhaps a bit too complacent about how long the boe will hold rates.
In some ways the BoE does not have to cut because the market already is.
Market curve in the UK is importantly affected by decisions of ECB and Fed.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.