Citigroup's Meneuet Says BOE May Have Case for Unwinding

The transcript discusses a pooled interview where the speaker aligns with the majority view on the NPC regarding stimulus changes. It highlights the potential need to adjust the BYOE rating due to rising UK prices and the pound's decline. The conversation speculates on whether the Bank of England will increase rates or maintain its current stance. The MPC's recent pronouncement aligns with Carney's earlier explanation, emphasizing the need to manage inflation and growth expectations amid Brexit uncertainties. If conditions improve, there may be a case for reversing the post-Brexit emergency rate cut.

What is the significance of Brexit negotiations according to the speaker?

What emergency action did the Bank of England take post-Brexit?