Earlier and faster

UBS
Door februari 13, 2018 01:00

Earlier and faster

Regional view – United Kingdom

Earlier and faster. Three words that sum up the last week's Monetary Policy Committee (MPC) meeting and readings from the inflation report. In summary, the Bank of England (BoE) is preparing us for interest rates to rise soon, and for subsequent hikes to be a little more frequent than we have been used to. In fairness, given that base rates have increased once in the last decade, a rate rise before February 2028 would meet this criterion. So we can be pretty confident that the "faster" mandate will be met, but what about the "earlier" part? A few weeks back we revised our growth, inflation, and interest rate forecasts in light of the better-than-expected performance of the economy last year. We expect the BoE to hike base rates when it meets in May, and following last week's meeting, it would seem the markets would now agree with us. Prior to the release of the Inflation Report, markets were only placing a 50– 60% chance of a hike in May, after which the probability had risen to around 70%. So, it is likely that the "earlier" mandate will also be met. Another matter that made the headlines was the upgrade to the Bank's growth forecasts; they are now predicting 1.8% GDP growth for 2018, not too dissimilar to what we saw last year. 

UBS
Door februari 13, 2018 01:00

Zoek

Uitgelichte Evenementen

  1. Alpha Research – Lower for Longer

    december 3 @ 12:00 - 18:00

Asset Allocation Consensus September

Twitter

Stoxx 600 Earnings Outlook – European Aggregate Estimates And Revisions -> https://t.co/XfX2W0ZtDw #stocks #equity #earnings #Europe via @stoxx

Factor investing in corporate bonds: from empirical research to investment practice -> https://t.co/Z8TpTgsaXz #factorinvesting #fixedincome #Credit #corporatebonds #carry #value #Momentum via @NNIP

Global Investor Experience Study: Fees and Expenses -> https://t.co/9rr3IiHN1Y #fees #expensive #ETF #mutualfunds via @MorningstarBNL

Meer aandelen of meer obligaties?

Kom 3 december naar het seminar Lower for Longer.
We stellen dan deze #assetallocatie vraag aan Bob Homan!
https://t.co/KFleyJEQoo

Today’s Gloom, Tomorrow’s Opportunity -> https://t.co/kmU1lyXkOq #Japan #centralbank #BoJ #assetallocation #Credit #fixedincome #equities via @PineBridge

Load More...

Zoek op datum

februari 2018
M D W D V Z Z
« jan   mrt »
 1234
567891011
12131415161718
19202122232425
262728