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6 Aug 2015
BoE minutes could show a more hawkish shift – BTMU
FXStreet (Edinburgh) - Lee Hardman, Currency Analyst at BTMU, expects today’s BoE minutes to lean towards the hawkish side.
Key Quotes
“We expect the minutes to reveal a further more hawkish shift on the MPC”.
“The recent easing of Grexit concerns will likely see the more hawkish MPC members (most likely McCafferty & Weale) reinstate their votes for rate hike”.
“The updated inflation projections will likely show inflation still returning to target over the 2-3 year horizon signalling that the BoE is comfortable with the recent adjustment in market expectations which has brought forward the timing of first rate increase to Q1 of next year”.
“Overall the developments should support a continuation of the stronger pound trend heading into the first BoE rate hike”.
Key Quotes
“We expect the minutes to reveal a further more hawkish shift on the MPC”.
“The recent easing of Grexit concerns will likely see the more hawkish MPC members (most likely McCafferty & Weale) reinstate their votes for rate hike”.
“The updated inflation projections will likely show inflation still returning to target over the 2-3 year horizon signalling that the BoE is comfortable with the recent adjustment in market expectations which has brought forward the timing of first rate increase to Q1 of next year”.
“Overall the developments should support a continuation of the stronger pound trend heading into the first BoE rate hike”.