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BoE MPC Preview: Neutral communication and stance on hold – Goldman Sachs

FXStreet (Delhi) – Samuel Wong, Fixed Income Startegist at Goldman Sachs, suggest that the BoE MPC communications are likely to stay neutral as divergence among MPC members remains high and policy stance is likely to be on hold for now.

Key Quotes

“We expect the MPC's Monetary Policy Summary and Minutes to: reiterate that downside risks relative to the August Inflation Report projections have increased owing to developments in China and other emerging market economies.”

“Associated with developments in emerging markets, volatility in financial markets has increased; indicating that the MPC continues to take stock of the implications of these factors for the UK outlook. The November Inflation Report will be the right opportunity to express its assessment of their UK impact.”

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