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BoE Policy Meeting Preview - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted that back in July BoE Governor Mark Carney stated that the MPC’s decision as to when to start the process of adjustment in interest rates would come into “sharper relief” around the turn of the year.

Key Quotes:

"Arguably this is yet to happen. Slower growth in some emerging markets combined with sterling strength suggests that the MPC is still a long way from deciding upon the likely timing of an increase in the UK cost of borrowing.

That said, policy makers are likely breathing a sigh of relief that the December ECB policy announcements did not further weigh on the value of the EUR vs the pound.

Overall, we maintain our view that the Bank is unlikely to raise rates before August 2016 and expect McCafferty to remain the lone hawk at the December policy meeting."

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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