Here are a couple of previews: I posted late last week:
Here is my 'in a nutshell' preview to add to those:
- No policy change expected
- Headline inflation is rising very slowly (latest data was on Friday - September headline inflation is 0.7% y/y, core is moribund at 0.2%)
- So slowly that its reasonable to expect the bank to cut its inflation forecasts
- Currently, the Bank has set its Yield Curve Control targeting at the deposit rate at minus 10 bp and the 10-year yield in a 10 bp range around zero
- There has been some chatter that the bank could target 5 year yields - something to be aware of. I thought I posted something on this last week ... but can't find the link :-(
