Analysts at TDS point out that BoE’s external MPC member–and perennial hawk–Ian McCafferty delivers a speech at the OMFIF at 10:30am BST.
Key Quotes
“Perhaps more interesting, incoming external MPC member Jonathan Haskel will appear before the Treasury Select Committee at 10am BST for his confirmation hearing, at which we will get a first airing of his monetary policy views, which have remained unknown to date.’
“We do not expect him to sound as hawkish as Ian McCafferty, who he will replace at the end of August, meaning that on net, the MPC is likely to take a marginally dovish turn when he joins after the anticipated August Bank Rate hike.”
“ECB: A trio of ECB speakers, with CÅ“uré speaking at the Central Bank Payments Conference in Singapore at 2:20am BST, Hansson speaking at 9am BST, and Vice President Guindos speaking at a Bond Market Contact Group event at 1pm BST.”
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