Goldman Sachs Bank of England preview (spoiler - unchanged, but ...)

The BoE Monetary Policy Committee (MPC) announcement is due at 1100GMT on Thursday August 3

• Along with their Inflation report
• Governor Carney's press conferences follows at 1130GMT

Here some 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:

• BoE meet this week - preview (Barclays)
• Preview BOE MPC announcement due Thursday - Deutsche Bank

And, most recently:

• BoE meet today - a (technical) look at GBP ahead of Carney and Co.

OK, without any further ado ... an in brief one from Goldman Sachs (bolding mine for the main points):

• We expect the MPC to vote 5-3 in favour of unchanged Bank Rate tomorrow and to announce that it will end the Term Funding Scheme (TFS) in February 2018.
• In the MPC's updated Inflation Report projections, we expect a GDP growth downgrade and a largely unchanged inflation forecast.
• In the press conference, we expect Governor Carney to convey that the MPC's forecasts of slack and inflation are broadly unchanged from the levels expected in May, thereby maintaining optionality on a rate rise should momentum improve in the second half of the year