It is Super Week! The BOJ, BoE and Federal Reserve all meeting. For the Bank of England, what to expect:
1100GMT
- August Monetary Policy Committee decision & vote split announcement
- Publish the MPC meeting minutes
Later … press conference with Governor Carney at 1130 GMT
This a summary of what RBC expect from the Bank of England on Thursday
- MPC to raise Bank rate by 25bps
- Unanimous 9-0 vote in favour
- Do not see the updated Inflation Report (IR) projections resulting in wholesale changes for GDP and CPI
- It is possible, in the context of the outlook for the economy, that the MPC may flag the risks of a potential global trade war, we don't think that the latest iteration of the fan chart will alter the policy message from the May IR.
- Also of note for the August IR is that it will see the MPC publish its estimate of the equilibrium real interest rate or r* for the first time.
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Earlier:
