Central Banks

Bank of England preview – expect a change in the messaging in favour of rate cuts

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The Bank of England meet this week, the decision is due on Thursday at 0700 US Eastern time. On hold expected.

Barclays on what to expect:

  • inflation forecasts are likely be revised down for two and three years ahead
  • “We expect a change in the messaging to indicate that the MPC is inclined to begin cutting the Bank Rate, conditional on the data evolving in line with the updated forecast”

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Earlier:

This article was written by Eamonn Sheridan at www.forexlive.com. Source