Friday, May 12, 2017

While BoE MPC voted 7 – 1 to keep rate unchanged at 0.25% and accompanying meeting minutes was a t





Global Markets Daily
by Saktiandi Supaat


FX Research





While BoE MPC voted 7 – 1 to keep rate unchanged at 0.25% and accompanying meeting minutes was a touch hawkish – UK may need tighter policy than yield curve implies, the Quarterly Inflation Report contained a dovish tone – inflation now expected to park in 4Q2017 at 2.8%. This is below the 1 – 3% range that BoE initially expected. Carney also said that the recent gain in the GBP is a reflection of market expectation for a smoother Brexit post-elections but the BoE has not modelled a ...

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