Fait Accompli

I was having a pretty hard time pretending to care about the Bank of England on Thursday. Fortunately, Andrew Bailey gave me a hook. A rate cut next month isn't a "fait accompli," Bailey remarked, following another on-hold meeting at which Dave Ramsden joined Swati Dhingra in a dovish dissent. Nor, Bailey said, is a cut "ruled out." The implication's clear enough: With the hawkish dissents having disappeared in March and with the forward guidance now asymmetrically skewed towards easing, the J

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

One thought on “Fait Accompli

  1. It looks like we are going to see cuts in both BOE and ECB in June. A surprise cut at the Fed in June or July cannot be ruled out. It is not bad to have an inflation and rate outlook for central banks going out 3 years. The crime is relying on it or having a lot of confidence in that outlook. Confidence should be pretty high for 3 months. That’s about it.

NEWSROOM crewneck & prints