BOE Goes Faster Increasing Stagflation Risk: All Options Considered

23/06/2023 12 min
BOE Goes Faster Increasing Stagflation Risk: All Options Considered

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Episode Synopsis

The Bank of England remains highly data-dependent, re-accelerating to a 50-bp hike "at this particular meeting" given the upside inflation surprises. The wide difference between actual inflation data releases vs. consensus keeps volatility elevated at the front end of the yield curve. The flattening of the curve reflects the risk to growth and increased pricing of cuts. In this edition of the All Options Considered podcast, BI's Chief Global Derivatives Strategist Tanvir Sandhu is joined by Dan Hanson, Senior UK Economist.

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