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MPC minutes coming up - TDS

FXStreet (Guatemala) - On Wednesday we will have the MPC minutes releases and analysts at TD Securities said they are expecting we see a 9-0.

Key Quotes:

“Expectations had initially been for a dissent or two in favour of a rate hike at the August BoE decision, but after a fairly dovish QIR, it looks more likely that we see a 9-0 vote instead”.

“We think that we’ll have to see some upward movement in wages before we get our first dissent, so likely later this year, but not yet. Outside of the vote, we’ll be looking for more colour on what has been described as a “wide dispersion” of views among MPC members on the amount of slack in the economy, as any strong leanings toward a virtually closed output gap mean that the first dissent is that much closer”.

“And outside of the MPC minutes, we’ll be keeping an eye out for media interviews with other MPC members over the coming days for a better gauge of the divergence of opinions”.
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