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UK: Market focus on BoE interest rate decision and inflation report - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, notes that all eyes will be on UK where the BoE releases its interest rate decision, vote, minutes, and Inflation Report.

Key Quotes

“Ultimately the decision should be a repeat of recent meetings but with a bias to steepen the curve a little. Partly offsetting this, the accompanying Inflation Report is likely to shed light on why the BoE was so dovish on inflation prospects in last month’s minutes, and will also revise down UK growth in the near-term on account of weaker global growth prospects and a miss on 15Q3 GDP. Ultimately, the domestic economy remains relatively healthy and inflation is expected to converge toward 2% in 2016, leaving a May hike our base case.”

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