Fixed income Q2 2012: The Carry Trade After A Change Of Clothing

Rates seen on hold, the next step modest easing

The MPC has held its monetary policy rate at 12.00% since its bombshell in October. Our call is that, by tightening early and vigorously, the committee will contain core inflationary pressures. The next move in the policy rate is seen as gently downwards in H2 2012. If global headwinds were to deteriorate, it would accelerate its easing.

Please email the research team to access the full report*

Our site uses cookies to enhance your experience. By continuing to browse, you agree to our Privacy Policy