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BoE to maintain status quo – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, expect the Bank of England to maintain its status quo and keep the Bank Rate unchanged at 0.50% when they meet today for policy decision.

Key Quotes

“We anticipate another 8-1 split vote on whether to keep the Bank Rate unchanged against increasing it immediately. We think the tone in the minutes will be more or less as in the minutes from the September meeting.”

“The MPC members should be positive about the domestic development (especially about the labour market) but slightly worried about the global market turmoil and the slowdown in China.”

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