UK: February 2016 inflation report preview – Lloyds Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at Lloyds Bank, expects no change in UK policy stance at February's MPC meeting.

    Key Quotes

    “Ian McCafferty is set to continue his solitary campaign for an immediate rise in Bank Rate, despite signs of a softer global and UK outlook.

    Downward near-term revisions to projections for both GDP growth and inflation are likely, but the MPC will continue to indicate a tightening bias by projecting inflation at or above the target beyond the 2-year horizon.

    With the MPC's forecasts conditioned on a much shallower policy rate profile, a smaller inflation overshoot at the 3-year horizon than in November would send a dovish signal.”
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