The minutes of the meeting (released on 22 April), will likely show that policy makers have different views on the near-term outlook for monetary policy.
Headline inflation remained flat at 0.0% y/y for the second month in March, while core inflation eased to 1.0% y/y. Despite this, most policy makers have reiterated that the bank's next move will be a hike.
Some MPC members are likely to have adopted a hawkish stance, noting the transitory nature of several factors keeping inflation low at present, e.g., the drop in the oil price and the strength of the pound versus the euro. Andrew Haldane, the BoE's chief economist, might have made some dovish comments.
"We expect members of the Bank of England (BoE) monetary policy committee (MPC) to have voted unanimously to keep the bank rate unchanged at their April meeting",said Standard Chartered in a report on Tuesday.
Commentary
BoE minutes likely to show unanimous rate decision in April
The minutes of the meeting (released on 22 April), will likely show that policy makers have different views on the near-term outlook for monetary policy. Headline inflation remained flat at 0.0% y/y for the second month …
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
