Analysts at Rabobank are not expecting the Bank of England to alter its policy settings at the February meeting this week.
Key Quotes
“The tight labour market indicates that a rate hike would have been on the cards for today’s meeting, but this is being more than overshadowed by Brexit uncertainties.”
“The meeting in May offers the best hope of a hike to 1.00%. This, however, assumes that the UK will be leaving the EU with a deal in place.”
“If there is no sign of any material progress on Brexit in the next few weeks, leaving the MPC without the clarity it so much needs, we may want to re-visit our forecast.”
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