BoE DMP:
The BoE's latest DMP shows a notable increase in one-year CPI expectations, suggesting heightened inflation concerns that could sway monetary policy.
Chinese Securities Regulator says that China is to allow qualified foreign investors to trade treasury futures from April 24, 2026, for hedging purposes only
Japanese PM Takaichi says she is urging the cabinet to seek new sources for oil imports
BoE DMP:
"Iranian Foreign Ministry: Araqchi held two calls with the Pakistani army chief and foreign minister to discuss a ceasefire.", Al Araby reports
Pakistani official notes of a state of uncertainty regarding the second round of talks, "and we await Iran's response", Al Arabiya reports
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- Raises 1yr ahead CPI to 3.5% (prev. 3.1)
- Raises 3yr ahead CPI to 2.8% (prev. 2.7%)
- 1yr ahead wage growth 2.4% (prev. 3.5%)
- 64% of firms expected to increase their prices (with 4% lowering prices).
- 68% expected their profit margins to be lower (with 6% expecting higher margins).
- The picture was more mixed on wages, with 26% expecting wages to be higher and 16% expecting them to be lower.
- Sales and employment are also expected to be lower than they would have been, on average.
However, the decrease in wage growth expectations indicates potential headwinds for consumer spending and economic momentum. This mixed picture presents complexities for future interest rate decisions and overall economic outlook in the UK.
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