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All roads lead to BoE’s policy decision today – Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at Westpac, suggest that market participants focus in today’s session will be Bank of England as it announces its policy decision today.

    Key Quotes

    “While the market and forecasters are confident that there will be no change in rates, we will see from the minutes today if the vote split is still 8-1.”

    “Governor Carney will be a panellist at a CNN debate on the global economy. The ECB account of the September monetary policy meeting will also be released. These accounts have not been market-movers to date.”

    “We also see the FOMC September meeting minutes. The Fed left rates on hold, though forecasters were split in expectations for a hike. The decision last time was considered close, with the Committee “see[ing] the risks to the outlook for economic activity and the labor market as nearly balanced” but were concerned about “global economic and financial developments”. The non-voting hawks should also be given more prominence in the minutes.”
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