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Bank of England hikes rates to deal with persistent inflation Investment Insights • MFN

Bank of England hikes rates to deal with persistent inflation

Bank of England At its latest Monetary Policy Committee (MPC) meeting, the Bank of England (BoE) raised interest rates by 25 basis points to 4.25%, as anticipated by markets. This represents a reduction in the pace of tightening of monetary policy, after two consecutive 50bps hikes, and the 11th hike since December 2021. In the statement issued after the meeting, the MPC reaffirmed the stability of the UK banking system and reiterated its commitment to bringing inflation down to the 2% target.

Joaquin Thul

3 min read
Bank of England hikes interest rates and gets closer to ending its tightening cycle Investment Insights • MFN

Bank of England hikes interest rates and gets closer to ending its tightening cycle

On 2 February the Bank of England’s Monetary Policy Committee (MPC) voted in favour of a 0.5% interest rate increase to 4.0%. This represented the tenth rate increase since December 2021 as the BoE continues to grapple with high levels of inflation. In the press conference after the meeting, BoE Governor Andrew Bailey stressed that the MPC believes it is still too soon to declare victory over inflation as it remains elevated at 10.5% year-on-year (yoy). However, markets believe the central bank is near the end of its tightening cycle.

Joaquin Thul

6 min read
Markets unaffected by anti-Lula protests in Brazil Investment Insights • MFN

Markets unaffected by anti-Lula protests in Brazil

A week after Lula da Silva’s inauguration as Brazil’s President on 1 January, attention shifted from budget negotiations to the political protests in the capital Brasilia, highlighting the divisions in Brazilian politics. In this Macro Flash Note, Joaquin Thul explains how financial markets have remained largely unaffected by the protests which are also unlikely to change Lula’s strategy.

Joaquin Thul

5 min read
Challenges and priorities for Brazil Investment Insights

Challenges and priorities for Brazil

Brazil has been impacted by the same issues affecting other emerging economies: the US Federal Reserve tightening cycle, global inflationary pressures, the effects of China’s zero-Covid policies and the geopolitical and economic consequences of the Russia- Ukraine conflict. Joaquin Thul reviews the main challenges for the Brazilian economy in 2023 and what the key priorities might be for the incoming government.

Joaquin Thul

5 min read

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