Expectations of any change from the BoE MPC meeting are low - preview
The Monetary Policy Committee of the Bank of England meet September 13 2018
Announcement at 1100GMT
Expectations are for not too much at all, earlier posts:
- Preview of the BoE meeting on Thursday
- BoE meeting Thursday - here is a preview
- Credit Suisse on what to expect from the ECB and BOE
- RBC is here
Adding this now, via Westpac:
- August saw the Bank of England raise the Bank Rate by 25bps to 0.75%. The BoE also maintained its very modest tightening bias, reiterating that future increases are likely to be "at a gradual pace and to a limited extent". But despite the increase in the Bank Rate, the BoE's discussion and comments from Governor Carney actually struck a mildly dovish tone.
- With inflation contained, growth moderate, and Brexit casting a very long shadow over the economic outlook, the BoE is set to stand pat for an extended period. We expect no change at the September meeting. The accompanying statement is likely to retain the very gradual tightening bias from August, but more weight may be given to uncertainties around the economic outlook.