他认为，对于“认为1月降息难料，或是因为财政刺激措施似乎即将出台，因此预计MPC降息不会超过一次”的投资者来说尤其是如此。Sina Finance on the 21st, the market is increasingly convinced that the Bank of England will cut interest rates next week, but Morgan StanleyBut unmoved.
Investors expect the bank of England to cut interest rates by 72% on January 30th, but Morgan Stanley thinks interest rates will remain unchanged this year. However, the bank believes that if the Bank of England is cutting interest rates, it will be "only this time". With that in mind, the bank recommends selling swaps that bet on a rate cut in November.
"We think it is attractive to pay for the risk / return of the OIS at the MPC meeting in November," said Tony Small, head of European interest rate strategy at Morgan Stanley in London, referring to overnight index swaps (OIS).
This is especially true for investors who "think an interest rate cut in January is unpredictable, or because fiscal stimulus seems to be coming, so they don't expect MPC to cut interest rates more than once," he said.
