still with us is colin andrtson, andrew chorlton, marilyn watson.expecting from the boe you next week? why is the idea of a rate hike even up for discussion? marilyn: certainly the last monetary policy decision was not unanimous. it was a five-three decision. inflation is running above the 2% target. inflation if anything has .urprised to the downside there's a lot of uncertainty around the state of the economy going forward and economic growth in relation to brexit. we don't think that the bank of england is going to act anytime soon. if anything, we are actually long. there's certainly a huge amount of disagreement and concern around the inflation profile, but so far we are seeing that it's not too concerning for the bank having one. jonathan: i thought this was really straightforward. you except inflation spikes in the short-term and support the outlook. we are not taking a leave from the mervyn king playbook. andrew: i think if there's one country in the developed world that should risk inflation running hot given what the country has to face it

still with us to discuss is colin robertson, andrew chorlton, and marilyn watson.i want to begin with you. drawing on your experience with the bank of england from years gone by, what are we expecting from the boe next week? why is the idea of a rate hike even up for discussion? marilyn: certainly the last monetary policy decision was not unanimous. it was a 5-3 decision. obviously inflation is running above the 2% target. that being said, i think recently inflation if anything has surprised to the downside. there's a lot of uncertainty obviously around the state of the economy going forward and economic growth in relation to brexit. so, we don't think that the bank of england is going to act anytime soon. in fact, if anything, we are actually long yields. but there has been a huge amount of disagreement and concern around the inflation profile, but so far we are actually seeing that it's not too concerning for the bank of england. jonathan: andrew, i thought this was really straightforward. take a leap from the mervyn king playbook. you except inflation spikes in

let's talk more about the moves with marilyn watson from blackrock. good morning to you. how long does this selloff in the bond markets in the u.s. and here in europe last? as you know, we've seen low volatility in the markets for a long time. it's going remain low for quite a considerable amount of time to come given the actions by the central banks. we would expect this to continue further. they've been triggered by various things such as the data in the u.s. yesterday. we had strong data coming out of the eurozone as well comments from central bankers including mario draghi, mark carney also fueled a little bit more movement. i think what we're seeing are still movements within the year to date ranges we have not seen anything that has come outside of the ranges that we've seen so far >> how do you reconcile this with the fact that inflation numbers are still low. and the price component of the ism manufacturing index, that was quite low as well. that really doesn't go together with the bond selloff, does it >> i think it's something the central bankers in particular h