FW: [Maybank] BoE MPC, Fed Chair Nominee and US Tax Reform Plans Today

 

 

GBL: BoE MPC, Fed Chair Nominee and US Tax Reform Plans Today Global Markets Daily by Saktiandi Supaat FX Research We see a strong case for 25bps rate hike to 0.5% at its MPC meeting today as (1) inflation is still stubbornly above BoE's 2% threshold and is testing the 3% levels (more than 5-year high now); (2) 3Q growth surprised to the upside (though we do not see the growth number as exceptional as momentum continues to decelerate and is below its long term average) and (3) tight labour market (unemployment rate at 4.5% is more than 40 year low). Sources noted that Trump will pick Powell. This should ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.