I hae posted up a few previews of the Bank of England meeting today
Its pretty much an 'on hold' expectation across the board.
This now via Citi:
- "Even a small rate hike could have repercussions for financial conditions and the economy in its current fragile state"
- More clarity about Brexit is unlikely before March 2019
- Until there is more clarity the Bank of England will probably refrain from adding to fragility by hiking
While I agree with Citi on no hike today that is a huge call all the way out to 2019.
---
BoE Monetary Policy Committee (MPC) announcement due at 1100GMT on Thursday August 3
- Along with the Inflation report
- Governor Carney's press conferences follows at 1130GMT
Earlier previews:
- The Bank of England meet next week - preview (20 reasons the MPC will hike rates)
- The Bank of England meet next week - scenarios, strategy & what to expect on GBP
(these two should be read together)
More:
