Hints and tips:
...He always seemed to appreciate what staff did, and find time to express it.” Budd was born in Kent in 1937....
...But MPC members warned “that the risks to inflation are skewed significantly to the upside”....
...This avoided a sense of panic, and calibrating the scale of rate rises in an emergency MPC meeting would be difficult, he added....
...But it did express concern that the longer inflation was significantly higher than its target, people and companies would come to expect more persistent higher inflation....
...Other economists are also beginning to express concern about a re-emergence of inflation....
...However, the MPC’s key decisionmakers appear to pay insufficient attention to their excellent data....
...It will be worth watching to see whether Mark Carney’s imminent departure as governor changes the dynamics on the MPC, and leads members to express dissenting views more openly....
...Expect some hawkish protest at the meeting on 20 June, but the MPC looks set to miss the boat for rate hikes this year.”...
...And if we get a hard Brexit, a no deal Brexit at the end of October or shortly thereafter, the MPC is much more likely to cut rates than raise them....
...We maintain the view that the MPC is more averse to expanding its programme of corporate bond purchases than expanding its programme of government bond purchases....
...“The MPC is likely to continue to express concerns over the trajectory of global growth developments, but the real major barrier to them following through on their current guidance remains uncertainty around...
...access to the BoE’s analysis so would not express a firm view....
...Ground outperformed in the third quarter while FedEx’s express unit underperformed. Analysts expect quarterly earnings to rise 33.8 per cent to $5.69 per share....
...Some expect Mr Carney will express confidence in the economy that will keep the door open for at least one policy tightening this year....
...She is the first MPC member publicly to express concern with the new forecasts....
...Elsewhere, Norway’s central bank this week dropped its easing bias, while the Reserve Bank of New Zealand continued to express confidence in the economic growth outlook....
...First, that chart from Goldman based on the (now ex-Rajan) Reserve Bank of India’s recently released minutes: We’d note that Chetan Ghate did actually express some nerves about core inflation too — its...
...Instead we get subtle and not so subtle hints, Committee members who refuse to vote the views that they express in speeches and the Bank undermining its chief communication device (the Inflation Report forecasts...
...The minutes showed there were no dissenters on the MPC this month....
...The markets have had almost a day to absorb Mr Carney’s strategy and traders continued to express different views on its impact on Thursday morning....
...John Llewellyn, Llewellyn Consulting: I have no idea – as, I suspect, is the case with most people, especially those who express a strong view....
...Mr Carney’s seeming willingness to consider new courses of action spurred Treasury officials to express disappointment over the current regime’s reluctance to act....
...It has happened more by accident and opportunism than by express design, but during the past six months, the governor has duly hit those banks where it hurts....
...Now let’s consider the WTI equivalent… The charts below express exactly the same time-spreads over the same duration as before but in WTI future equivalent....
...grandee backs BA Boss in Tote battle - Loewe shifts its global design - Miner Suek aims for FTSE 100 in new London listing plan - Top firms hire younger bosses to stay in touch - MPC...
International Edition