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Dovish turn of BoE’s MPC – TDS

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Research Team at TDS, suggest that the BoE’s Monetary Policy Summary and minutes painted a less urgent picture to raise rates, with a lower forecast for inflation and a possible shift in the perceived timing between policy rate changes and inflation.

    Key Quotes

    “No surprises here: votes are 8-1 to keep Bank Rate on hold and 9-0 to maintain the current level of QE.”

    “We remain comfortable with our forecast of a May 2016 Bank Rate hike, but clearly the risks are now biased towards the second half of the year rather than earlier.”
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