U.K. Data Could Tilt Balance to January BOE Rate Cut: BofA’s Sharma

The video discusses the potential for a rate cut by the Bank of England, with opinions from various MPC members. It examines the economic conditions, including low unemployment and weak retail sales, and considers the consequences of a rate cut. The possibility of negative interest rates is also explored, with a consensus that it is unlikely.

What was the initial likelihood of a rate cut in January before recent data changes?

• 10 basis points

• 20 basis points

• 15 basis points

• 5 basis points

Which MPC members recently signaled support for a rate cut?

• Tenreiro, League, and Saunders

• Carney, Haskell, and Saunders

• Haskell and Michael Saunders

• Carney, Tenreiro, and League

What could potentially tilt the balance towards a January rate cut?

• Increased average earnings

• High unemployment rates

• Weak CPI and retail sales data

• Strong retail sales data

What are some of the underlying economic issues mentioned despite Brexit?

• High unemployment and strong retail sales

• Low unemployment and muted average earnings

• High average earnings and strong retail sales

• Low unemployment and high average earnings

What is the stance of successive MPC governors on negative rates?

• They are undecided about negative rates

• They have already implemented negative rates

• They believe the lower bound is above zero

• They are likely to implement negative rates