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Analysts at TD Securities and the unanimous consensus expect an uneventful MPC policy decision at noon BST, with policy left on hold and no reason to signal risks to the recent August forecast.

Key Quotes

“The MPC is likely content with incoming data, with July GDP and the labour market both showing continued momentum. With one hike expected next year, they’re also likely happy with the yield curve through 2019.”

“For now, the MPC will remain on the sidelines, until Brexit uncertainty is resolved in the next 6 months or so. Note that this is MPC meber Jonathan Haskel’s first meeting as a policymaker.”

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5

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