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BoE preview: Active hold, active debate
The BoE is set to hold Bank Rate at 3.75% at this week’s meeting as domestic inflation pressures still look contained despite the volatile energy price backdrop. The current guidance, which is limited and non-committal but has a tightening bias (e.g. the MPC “stands ready to act as necessary”) is likely to be left unchanged. We expect a repeat of the 7-2 vote split from the previous meeting, with Huw Pill and Megan Greene again dissenting in favour of a hike. Catherine Mann, who is most likely to move over to the hike camp, has signalled a willingness to support an “activist” hike if inflation expectations ... (full story)
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- Jul 28, 7:21am | 4 hr ago Posted byFundamental Analysis367
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