LS PREVIEW | BoE Set To Hold Rates As Markets Focus On Vote Split And Updated Forecasts
LONDON Few expect the Bank of England to spring a surprise on Thursday, with policymakers widely forecast to leave the Bank Rate unchanged at 3.75%. Instead, attention will centre on the Monetary Policy Report, the voting split and whether officials adopt a more hawkish tone in response to renewed energy-driven inflation risks. The decision is due at midday (London time) on Thursday. The MPC is expected to vote 7-2 in favour of a hold. The committee's two consistent hawks, chief economist Huw Pill and Megan Greene, are expected to again vote for tighter policy, while some analysts believe Catherine Mann could join them. This meeting will also include the BoE's annual review of quantitative tightening. Barclays expects the Bank to conclude that QT has increased gilt yields by around 15-25 basis points. READ HERE
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LONDON Few expect the Bank of England to spring a surprise on Thursday, with policymakers widely forecast to leave the Bank Rate unchanged at 3.75%.
Instead, attention will centre on the Monetary Policy Report, the voting split and whether officials adopt a more hawkish tone in response to renewed energy-driven inflation risks.
The decision is due at midday (London time) on Thursday.
The MPC is expected to vote 7-2 in favour of a hold.
The committee's two consistent hawks, chief economist Huw Pill and Megan Greene, are expected to again vote for tighter policy, while some analysts believe Catherine Mann could join them.
This meeting will also include the BoE's annual review of quantitative tightening.
Barclays expects the Bank to conclude that QT has increased gilt yields by around 15-25 basis points.
READ HERE