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Outlook for UK rates

First BoE rate increase in Q1-2016, timing subject to inflation not undershooting BoE targetSociete Generale notes as follows .... CPI inflation could possibly to turn negative in H1-2015 May 7th general election: Conser…

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First BoE rate increase in Q1-2016, timing subject to inflation not undershooting BoE target

Societe Generale notes as follows ....

  • CPI inflation could possibly to turn negative in H1-2015

  • May 7th general election: Conservatives and Labour neck-and-neck, majority out of reach, upside risk for Gilt yields

  • 10y Gilt target lowered to 2.25% by end-2015

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