Matthew Gregg

Treasury, Danske Bank UK. Views my own.

[Danske Bank @DanskeBank_UK]

This morning we’ve published strong financial results for the first three months of 2026.

You can read our press release here: https://t.co/jtUCBbUyRp

[John Stepek @John_Stepek]

UK five-year swap rate (important factor in pricing mortgages) is now up to its highest level in a year, back above 4%.

[Investing.com @Investingcom]

🎊🎆HAPPY NEW YEAR! WISHING EVERYONE A STRONG 2026 💪

[Bank of England @bankofengland]

The Monetary Policy Committee voted by a majority of 5-4 to cut interest rates to 4%.

Find out more in our #MonetaryPolicyReport https://t.co/jtJlDzsgEC

[Bank of England @bankofengland]

The Monetary Policy Committee voted by a majority of 7-2 to maintain #BankRate at 5.25%. Find out more in our #MonetaryPolicyReport: https://t.co/2lnXthHbMt

[The Kobeissi Letter @KobeissiLetter]

SUMMARY OF FED DECISION (5/1/24):

1. Fed leaves rates unchanged for 6th straight meeting

2. Rate cuts not appropriate until greater confidence inflation is heading to 2%

3. Fed notes "lack of further progress" toward 2% inflation goal

4. Fed to slow pace of balance sheet runoff starting in June

5. Inflation has eased "but remains elevated"

6. Job market gains "have remained strong"

Higher for longer is officially back.

[Kathy Jones @KathyJones]

Breakdown of CPI. Core services contributed the most.

[Lizzy Burden @lizzzburden]

The UK economy has slipped into recession.
A toxic headline perhaps but stagnation/recession – it’s a bit potayto/potarto for the BOE...
As he said yesterday, Governor Andrew Bailey is still concerned about wage growth and services inflation.

Analysis next on @BloombergRadio

[Pantheon Macro @PantheonMacro]

"Households' saving rate won't rise further in 2024; spending to recover" @samueltombs https://t.co/GKlxGtETvX #PantheonMacro

[Matthew Gregg @MatthewKGregg]

@BruceReuters I see Bloomberg had an article out today on this - arb opportunity to take BOE cash and lend out in repo market big driver

[Bank of England @bankofengland]

The Monetary Policy Committee voted by a majority of 6-3 to hold #BankRate at 5.25%. Find out more in our #MonetaryPolicyReport: https://t.co/DlCn88I5ut

[Molly Broome @mollybroome_]

New money and credit data from the Bank of England out this morning provides helpful insights into how families are continuing to adjust to a world of higher interest rates. A short thread…🧵

[Bloomberg UK @BloombergUK]

Ernst & Young was hired to find a buyer for Metro Bank this weekend https://t.co/zG6nUabtvk

[Investing.com @Investingcom]

⚠️BREAKING:

*U.S. SEPTEMBER NONFARM PAYROLLS RISE BY 336,000; EST. 170,000; PREV. 227,000

*HIGHEST MONTHLY INCREASE SINCE FEBRUARY 2023

🇺🇸🇺🇸

[Irish Rugby @IrishRugby]

This team! 🤯

#TeamOfUs

[Samuel Tombs @samueltombs]

After the MPC's decision, markets see c.70% chance of one final 25bp hike. Without doubt, the near-term risks are still to the upside, but it's unlikely that CPI, GDP and lab mkt data will be pressuring the MPC to hike more in November than today. 5.25% looks like the peak to me

[Bank of England @bankofengland]

The Monetary Policy Committee voted by a majority of 5-4 to maintain #BankRate at 5.25%. https://t.co/jfAstgGch5

[Adam Linton @Adamlinton1]

BoE Summary

- 25bps (vs. outside calls for 50)
- 8-1 on decision to hike
- Mann + Haskel wanted 50
- Fwd guidance on rates kept
- But.. policy seen as restrictive
- Inflation seen below target in med-term
- 25bps in Sept seen at 69%
- Terminal 5.65% vs. 5.74% pre-release

[Bank of England @bankofengland]

The Monetary Policy Committee voted by a majority of 6-3 to raise #BankRate to 5.25%. Find out more in our #MonetaryPolicyReport: https://t.co/fGooUBPP4w

[Bloomberg UK @BloombergUK]

The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional increases https://t.co/bhtPWBO216