Bank of England meet Thursday UK time – preview

News

I posted earlier previews of the BoE at these links:

This now (in summary) from BNP:

  • A weaker global backdrop and prolonged Brexit uncertainty is likely to see the MPC revise down its forecasts for growth and inflation
  • We expect the committee’s rhetoric to continue to reflect the dovish shift evident in the minutes of the December meeting. 
  • Nonetheless, the market has already moved a fair way to price out the prospect of rate hikes. Even though we see Brexit uncertainty lingering for a while longer, we think the MPC will still hike rates at least once in 2019.

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