Surveillance: BOE Hikes, Forecasts Economic Misery
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 4 August 2022
⏱️ 41 minutes
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Summary
Jordan Rochester, Nomura International G-10 FX Strategist, says he expects the Bank of England to transition to more dovish policy next year. David Blanchflower, Dartmouth College Professor of Economics & Former Bank of England Monetary Policy Committee, says the Bank of England is under huge pressure and the balance of risks is strong to the downside. James Zelter, Apollo Co-President, discusses the alternative asset manager's foray into aircraft leasing and credit strategy. Tom Porcelli, RBC Capital Markets Chief US Economist, weighs the Federal Reserve's next moves. Sonali Basak, Bloomberg Global Finance Correspondent, reports on Wall Street bonuses poised to plunge and potential job cuts at Credit Suisse.
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| 1:29.8 | So 50 basis points is the hike from the Bank of England, standing by Jordan |
| 1:33.9 | Rochester, G10 FX strategist over at Nemora. Jordan, your reaction to this |
| 1:38.8 | decision by the BLE. Well, John, it's the simple case that this wasn't a big |
| 1:45.0 | surprise from the Bank thing. We were expecting around 50 basis points. That's |
| 1:48.5 | what we got today. Conversations with clients as well. 50 basis points from the Bank of |
| 1:52.9 | England's probably the last 50 basis points from uns. The first and the last |
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