Skip to main content

What are UK OIS really telling us about future BoE policy?

Even more caution than usual should be exercised when using UK overnight indexed swap rates to infer the expected path of Bank Rate over the next couple of years. This is because they have risen by far more than the yields of Gilts with comparable maturities at the short end of the curve.

In view of the wider interest, we are also sending this Global Markets Update to clients of our UK Markets service.

Become a member to read more

This is premium content that requires an active Capital Economics subscription to view.

Already a member?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access