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BoE: Don’t expect any fireworks but keep an eye on minutes - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at TDS, suggests that today’s Bank of England meeting is unlikely to be exciting.

    Key Quotes

    “But we’ll scan the minutes for any indication that the MPC is growing uneasy with how dovish markets have been interpreting their communications since the November Inflation Report.”

    “While we think the FPC’s measures (i.e., a signal that the countercyclical capital buffer will soon rise) are designed to prevent tail risks from building and shouldn’t affect monetary policy directly, some market participants have speculated that it allows them to hold Bank Rate lower for longer. We still see May as the most likely lift-off date for Bank Rate. International trade is also out, with consensus looking for a deterioration in the trade balance.”
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