Report
Philip Rush
EUR 57.00 For Business Accounts Only

FLASH: hawkish BoE dissents support May hike

- The BoE MPC left monetary policy unchanged in March, but Michael Saunders and Ian McCafferty both dissented in favour of an immediate rate hike, contrary to consensus expectations.
- With most MPC members explicitly deferring judgement until the May Inflation Report, the accompanying minutes support my call for the next rate hike to occur in May. I still doubt the MPC will want to send a hawkish signal beyond that yet.
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Heteronomics
Heteronomics

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Philip Rush

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