A preview of the BoE monetary policy meeting via Société Générale

But first, previews already posted:

And, secondly:

  • BoE Governor Carney speaks later in the UK evening (June 21 at 2015GMT) - stay tuned for that

And, thirdly, its not all about the BoE today, we get a Swiss National Bank decision also:

OK …. so finally, here is SG (bolding mine):

  • The outcome of … MPC meeting is almost certain to be a majority vote for unchanged policy with, as last month, Saunders and McCafferty dissenting.
  • This meeting was always going to be an opportunity to take stock before the regular deeper reappraisal of the outlook in the Inflation Report meeting.
  • The almost exclusive focus of the market will be on the Bank's interpretation of the latest data with regard to its implications for 2Q growth. The MPC is likely to highlight the downside risks to its current forecast of 0.4% and may even take the opportunity to lower it. If it does so, then the market is likely to almost completely price out the possibility of an August rate hike