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BoE's first inkling of concern about falling inflation expectations – TD Securities

FXStreet (Barcelona) - The Research Team at TD Securities highlight the key points from the policy meeting minutes.

Key Quotes

“The MPC minutes revealed another 7-2 vote in favour of leaving rates unchanged, with Weale and McCafferty continuing to vote for rate hikes.”

“The BoE expressed for the first time some concern about the possibility of inflation expectations becoming dis-anchored to the downside.”

“The discussion suggested that the core of the MPC condoned market pricing at the time, and perhaps even rates on the lower side of that.”

“As long as the UK domestic economy holds up, it looks like the 7-2 votes should persist for some time.”

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