BoE meet today, Thursday 13 September 2018, preview
Some earlier previews of the Bank of England meeting can be found at these links:
This one now via RBC:
- Coming as it does ahead of what Governor Carney has described as a 'critical period' for the Brexit negotiations, this month's Bank of England meeting is unlikely to deliver any changes with respect to either policy or guidance. Our expectation is that the Bank's central message of 'gradual and limited' rate rises over coming years will remain in place, but as we noted in the last meeting, the outcome of those negotiations is now the key influence on the Bank's ability to follow through on that guidance.
- The market pricing of further BoE rate hikes has drifted further out since the August IR. However, at this stage, we believe the MPC is unlikely to push against the benign market pricing given the potential risks from Brexit that lie ahead. Unfortunately for the MPC, with media reports now suggesting that the deadline for the UK and EU to finalise the former's withdrawal deal is likely to slip into mid-November or even December, it may be that the MPC will still be in the dark on what the outcome of what that process is likely to be at the time of the November Inflation Report.