Bank Of England To Use Maradona Playbook
(3 min read)
The Bank of England’s Monetary Policy Committee (MPC) appears to have delivered a key message: rates will have to rise. Yet UK interest rate markets are pricing a 20% chance of a 25bp rate cut by January 2020, and an over 40% chance by early 2021. The difference appears to come down to a more optimistic Brexit and global growth view from the BoE than investors. If the Bank sticks with this view, and it’s a big ‘if’, then it may need some nifty footwork to guide markets in the right direction. This week’s MPC meeting on June 20th will be their chance to demonstrate their skill...
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