4 Feb 2016
BoE: Another dovish stance in the offering? – Danske Bank
FXStreet – Research Team at Danske Bank, suggests that today, the Bank of England sets the Bank Rate and communicates the target for its asset purchases.
Key Quotes
“They are expected to be maintained at 0.50% and GBP375bn, respectively. We expect the vote count to be 8-1, as Ian McCafferty will probably continue to vote for a hike due to the strong development of the labour market.
Based on BoE governor Carney's very dovish speech, we already know that the BoE is likely to take another dovish stance. The new Inflation Report is also set to attract attention since we will get more precise information about how the latest developments in the global economy and financial markets have affected the BoE's view on the economy in terms of growth, unemployment and inflations forecasts.”
Key Quotes
“They are expected to be maintained at 0.50% and GBP375bn, respectively. We expect the vote count to be 8-1, as Ian McCafferty will probably continue to vote for a hike due to the strong development of the labour market.
Based on BoE governor Carney's very dovish speech, we already know that the BoE is likely to take another dovish stance. The new Inflation Report is also set to attract attention since we will get more precise information about how the latest developments in the global economy and financial markets have affected the BoE's view on the economy in terms of growth, unemployment and inflations forecasts.”