- Analytics
- News and Tools
- Market News
- BoE’s Mann: Markets are pricing in too many rate cuts
BoE’s Mann: Markets are pricing in too many rate cuts
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.
Wage dynamics in the UK are stronger than in the US and Euro area.
Hard to argue that the BoE would be ahead of the ECB and the Fed.
Market reaction
The above comments fail to move the needle around the Pound Sterling, as the GBP/USD pair continues its struggle with 1.2650, defending 0.13% gains on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
