Cookie Settings
Picture
Contatti
Picture

BoE in hiking mode

In breve

Against the background of substantial upward revisions in its inflation forecast since last November, the BoE’s Monetary Policy Committee (MPC) raised Bank Rate again in early February by 25 bps to 0.5%.

Highlights:

  • After the Monetary Policy Committee raised Bank Rate to 0.5% in early February, we see the BoE to continue hiking its key rate to 1.5% this year. Inflation risks are still tilted somewhat to the upside. However; the BoE model does not only predict to get inflation back under control but also growth to slow substantially over the medium term.
  • The bulk of the Gilt sell-off is over. Aggressive rate hikes pricing will limit any further yield increase at the short end of the curve, but Quantitative Tightening (QT) allows for a moderate yield increase at the long end.
  • The British Pound credit market can withstand the flows of bonds coming off the BoE’s balance sheet, thanks to decent technicals. Long-dated bonds and climate laggards should be the segments most under pressure.

Read the full publication below

Focal Point I BoE in hiking mode
Competenze
Investimenti Responsabili
Insights
Chi Siamo
Contatti
Picture
Picture

© Generali Investments, tutti i diritti riservati. Questo sito web è fornito da Generali Investments Holding S.p.A. in qualità di holding delle principali società di gestione del risparmio del Gruppo Generali che detengono, direttamente o indirettamente, la maggioranza delle partecipazioni nelle società sotto elencate (di seguito, congiuntamente, "Generali Investments"). Questo sito web può contenere informazioni relative all'attività delle seguenti società: Generali Asset Management S.p.A. Società di gestione del risparmio, Infranity, Sycomore Asset Management, Aperture Investors LLC (inclusa Aperture Investors UK Ltd), Plenisfer Investments S.p.A. Società di gestione del risparmio, Lumyna Investments Limited, Sosteneo S. p.A. Società di gestione del risparmio, Generali Real Estate S.p.A. Società di gestione del risparmio, Conning* e tra le sue controllate Global Evolution Asset Management A/S - incluse Global Evolution USA, LLC e Global Evolution Fund Management Singapore Pte. Ltd - Octagon Credit Investors, LLC, Pearlmark Real Estate, LLC e Generali Investments CEE. *Comprende Conning, Inc., Conning Asset Management Limited, Conning Asia Pacific Limited, Conning Investment Products, Inc. e Goodwin Capital Advisers, Inc. (collettivamente, "Conning").

Note Legali
Informativa Sui Cookie
Informativa Sulla Privacy
Termini e Condizioni
Copyright
Glossario