Earlier BoE previews are posted here:
- Today is BoE meeting day. Used to be Super Thursday. Now its Nothing Burger day
- Bank of England preview
- Coming up this week - Bank of England policy meeting
- TD on this week's Bank of England meeting
- Bank of England meet on Thursday May 2 - preview
Westpac also expecting unchanged:
In March, the BoE left the Bank Rate unchanged
- and maintained its very mild tightening bias.
- That tightening bias was contingent on a smooth post-Brexit transition.
- Since the BoE's last update, economic activity has been a little firmer than expected. However, Brexit-related uncertainty - which has been a significant drag on investment spending and economic growth - has continued unabated.
- At the same time, inflation remains well contained.
Against this backdrop, there's no chance of a change in the Bank Rate this month, and the BoE will once again emphasise the conditionality of its forecasts.