Pantheon Macroeconomics - This week's MPC meeting and Inflation Report likely will support the dominant view in markets that the chances of a 2017 rate hike are remote, even though inflation will rise further above the 2% target over the coming months. Overnight index swap markets currently are pricing-in only a 20% chance of an increase in Bank Rate this year.

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8 May 2017 Inflation Report Likely to Reaffirm Slim Chances of a 2017 Rate Hike

By Samuel Tombs

This week's MPC meeting and Inflation Report likely will support the dominant view in markets that the chances of a 2017 rate hike are remote, even though inflation will rise further above the 2% target over the coming months. Overnight index swap markets currently are pricing-in only a 20% chance of an increase in Bank Rate this year.

Posted: 7th May 2017 in 'UK Documents'

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