bearish

BoE: Market Tail Wags Policy Dog

202 Views04 Aug 2022 23:43
The BoE hiked by 50bps to 1.75%. We now ignore retained reaction function guidance and focus on the BoE’s 2yr inflation forecast. GBP pressure will probably underly another 50bp if it occurs.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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