Dropping a massive 0.9 from 33.1% in last months OIS rate probabilility.
The latest figures are up to yesterday and there are falls in the 0.25% rate increase expectations which were 1.8% for the December meeting.
OIS interest rate implied probability 05 September 2013
There’s no chance of any movement on rates or QE . Carney issued a small statement at his first rate meeting then said nothing last month as he left the talk until the inflation report. We’ll have to see if he drops a little note in this one. The bugger did it once and now we don’t know if he’ll do it again. That might add a bit of volatility to the release.
