U.K. | 6 January 2017 Are Markets Complacent About the Chances of a 2017 Rate Hike?
Investors have treated the upbeat message of the Markit/CIPS PMIs this week with caution and continue to think that the chance that the MPC will raise interest rates this year is remote. Overnight index swap rates currently are pricing-in just a one-in-four chance of a 25 basis point increase in Bank Rate in 2017.
Sorry, but our website is best viewed on a device with a screen width greater than 320px. You can contact us at: info@pantheonmacro.com.
By Samuel Tombs
Investors have treated the upbeat message of the Markit/CIPS PMIs this week with caution and continue to think that the chance that the MPC will raise interest rates this year is remote. Overnight index swap rates currently are pricing-in just a one-in-four chance of a 25 basis point increase in Bank Rate in 2017.
Posted: 5th Jan 2017 in 'U.K.'
You are here: Home » Publications » U.K. » 6 January 2017 Are Markets Complacent About the Chances of a 2017 Rate Hike?
PMI, mpc, investors, markit, cips, index swap rates, bank rate, gdp growth, bcc's quarterly economic survey, inflation, pantheon macroeconomics, pantheon, macroeconomic, macroeconomics, independent analysis, independent macroeconomic research, independent, analysis, research, economic intelligence, economy, economic, economics, economists, , Ian Shepherdson, financial market, macro research, independent macro research