Bank of England Turns Dovish Though Policymakers Are "Divided," MUFG Says

MT Newswires04-24

Comments from Bank of England Governor Andrew Bailey and Deputy Governor Dave Ramsden showed a "clear" shift to a more dovish stance that increased the prospect of rate cuts commencing sooner than ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of England Turns Dovish Though Policymakers Are \"Divided,\" MUFG Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 18:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bank-england-turns-dovish-though-102859631.html><strong>MT Newswires</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Comments from Bank of England Governor Andrew Bailey and Deputy Governor Dave Ramsden showed a \"clear\" shift to a more dovish stance that increased the prospect of rate cuts commencing sooner than ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bank-england-turns-dovish-though-102859631.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/bank-england-turns-dovish-though-102859631.html","article_id":"2429439036","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429439036","pubTimestamp":1713954539,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Comments from Bank of England Governor Andrew Bailey and Deputy Governor Dave Ramsden showed a \"clear\" shift to a more dovish stance that increased the prospect of rate cuts commencing sooner than priced into the market, MUFG writes in note.While an earlier-than-expected rate cut remains plausible, it is also clear that the BoE's monetary policy committee  is divided and that reaching the required majority to cut rates will be difficult over the coming months, said MUFG. In that sense, a June rate cut is a close call and lots will have to go favorably from an inflation perspective to get a cut by then, pointed out MUFG.The comments on Tuesday from MPC member Jonathan Haskel, a known hawk, expressing considerable concerns that inflation remains too high mainly due to the \"extremely tight\" jobs market weren't surprising, MUFG said.The PMI data in the UK and the eurozone contrast with the weaker-than-expected data in the United States and come after a sustained period of largely better da","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","MPC":"马拉松原油","MUFG":"三菱日联金融","LU0122376428.USD":"贝莱德世界能源基金A2","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","BK4588":"碎股","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","BK4138":"石油与天然气的炼制和营销","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","BK4207":"综合性银行"},"translate_title":"MUFG表示，尽管政策制定者存在“分歧”，但英格兰银行转向鸽派","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPC":1,"MUFG":1},"content_text":"Comments from Bank of England Governor Andrew Bailey and Deputy Governor Dave Ramsden showed a \"clear\" shift to a more dovish stance that increased the prospect of rate cuts commencing sooner than priced into the market, MUFG writes in note.\n\n While an earlier-than-expected rate cut remains plausible, it is also clear that the BoE's monetary policy committee (MPC) is divided and that reaching the required majority to cut rates will be difficult over the coming months, said MUFG. In that sense, a June rate cut is a close call and lots will have to go favorably from an inflation perspective to get a cut by then, pointed out MUFG.\n\n The comments on Tuesday from MPC member Jonathan Haskel, a known hawk, expressing considerable concerns that inflation remains too high mainly due to the \"extremely tight\" jobs market weren't surprising, MUFG said.\n\n Comments from BoE Chief Economist Huw Pill were more revealing given his position and more centrist stance. Pill repeated the comment that a rate cut was \"some way off\" and was keen to play down the implications of the headline consumer price index falling to target over the coming months. Pill added that the MPC isn't focused on jobs data -- which shows falling employment -- due to reliability issues and watching more closely the wage and services inflation, which remains high.\n\n The comments highlight continued concerns over inflation and the advance PMI data on Tuesday from the United Kingdom did highlight potential inflation risks further ahead, according to MUFG. After a sustained decline in service input prices reported in the PMI data, the April advance Input Price Index jumped to 68.7, the highest level since May 2023. If sustained, that would point to output price increases. \n\n It's just one data point but it gives ammunition to the hawks arguing caution in cutting rates, stated the bank. The combined manufacturing and services employment PMI index on Tuesday increased to 51.12 from 49.95, which contrasts with the ONS statistical agency employment data, backing up the BoE's skepticism of the official employment statistics.\n\n The PMI data in the UK and the eurozone contrast with the weaker-than-expected data in the United States and come after a sustained period of largely better data from the US. The data favoring Europe has helped GBP/USD rebound sharply and on Tuesday jumped 0.8%, the biggest one-day gain since Dec. 14, added MUFG.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429439036"}