Last month, the "Shadow MPC" voted 5-4 in favor of a hike. The MPC on that day so decided for a hike indeed. Today, said "shadow MPC" voted for unchange.
Come 7:00AM est, the decision will be heard. I sure wish it would be another hike!
QuoteDislikedBOE RATE DECISION AT 7:00 ET: NOTE THAT THE SHADOW MPC VOTED 5-4 TO LEAVE RATES UNCHANGED AT TODAY'S MEETING (LAST MONTH THE SHADOW MPC VOTED FOR A RATE HIKE WHEN THE MPC SURPRISED MARKETS WITH A RATE HIKE)
Come 7:00AM est, the decision will be heard. I sure wish it would be another hike!