BOE Rate Hike Looks Like 'Done Deal,' MacKinnon Says

The video discusses the potential changes in monetary policy by the Bank of Japan (BOJ) and the anticipated interest rate hike by the Bank of England. It highlights the challenges faced by the BOJ in maintaining its zero yield curve targeting policy amidst rising bond yields. The Bank of England is expected to raise interest rates due to solid economic data, despite concerns about wage inflation. Additionally, the video examines the depreciation of the Chinese renminbi, which is seen as a response to US tariffs, and its potential impact on global markets.

What are the potential implications of the Bank of Japan's unconventional monetary policies on the bond markets?

What are the market reactions to the changes in bond yields mentioned in the text?

How might the anticipated interest rate hike by the Bank of England affect the UK economy?

What factors are contributing to the depreciation of the Chinese renminbi according to the text?

Discuss the risks associated with a potential runaway depreciation of the Chinese currency.