BoE's Mann says concerned that a price shock could show up in wage expectations; inflation expectations are very volatile if CPI is above 3-3.5%
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[MARKET ANALYSIS] Kiwi continues to outperform as domestic banks shift rate calls; JPY helped modestly by reports BoJ to increase price forecast
Iran's President Pezeshkian told French President Macron that a lack of US good will and maximalist positions prevented finalising an agreement in Islamabad, IRNA reports; further states that diplomacy is the preferred path to resolving disputes
BoE's Mann says concerned that a price shock could show up in wage expectations; inflation expectations are very volatile if CPI is above 3-3.5%
BMW (BMW GY) Q1 deliveries -3.5% Y/Y to 565,748 units
China will refine its drug pricing system with 14 measures, Xinhua reports
On the Newsquawk feed at , 20 minutes before this page.
Context
Recent comments from BoE's Mann highlight concerns about inflation expectations becoming volatile if CPI surpasses certain thresholds. This could signal a hawkish shift in the central bank's tone, particularly regarding wage pressures, which may influence market expectations for rate hikes. Traders should monitor the impact on GBP and the broader fixed income landscape as markets reassess the rate path ahead.
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