BOE to reiterate its "gradual and limited" rhetoric this Thursday - Barclays
Analysts at Barclays offer a sneak peek at what to expect from the Bank of England (BOE) monetary policy meeting due later on Thursday.
Key Quotes:
“The BoE will meet next week for its September meeting, six weeks after hiking its bank rate to 0.75% in August. Given little movement in data published since, we expect the MPC to maintain all monetary policy parameters unchanged (Bank rates, asset purchase targets) by unanimous votes as it reiterates its "gradual and limited" rhetoric.
While we see little scope for market-moving revelations, there will nonetheless be some focus on whether Governor Carney's mandate extension until 2020 is confirmed and how the Bank will deal with yearend Brexit uncertainty. Indeed, its looks increasingly likely that the Bank will have to update its forecast (next Inflation Report to be published on 1 November) without confirmation of a Withdrawal Agreement.”
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
