April BoE MPC minutes will focus on strengthening GBP and inflation expectations
As expected the BoE kept its monetary policy stance unchanged at the MPC meeting on 8-9 April. (Bank rate at 0.5% and the size of the Asset Purchase Programme at GBP 375bn). Most likely the MPC members unanimously voted …
As expected the BoE kept its monetary policy stance unchanged at the MPC meeting on 8-9 April. (Bank rate at 0.5% and the size of the Asset Purchase Programme at GBP 375bn).
Most likely the MPC members unanimously voted for unchanged policy stance. April MPC minutes will likely focus on the strengthening of the GBP and on inflation expectations.
Nordea Research said - "Our forecast is that the BoE will start to hike rates in Q4 2015. Risks to our forecast are however skewed to a later rate hike."
Market is currently expecting a first rate hike in Q2 2016.
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