Analysts at Deutsche Bank point out that the consensus expectation is that the BoE will deliver a 25bp hike on Thursday, something that the market is currently assigning a 85% chance of happening. Key Quotes “Should they hike, which our economists expect the BoE to do albeit dovishly, then this would mark the first time since 2009 that the bank rate would be above 0.5%. It’s worth noting that the latest BoE economic projections will also be released alongside the policy decision, including new forecasts for growth and inflation.” “It’s also expected that BoE Governor Carney will offer an updated view on the neutral rate.” “UK’s current neutral rate is between 0.25% to 0.50% with the risk being that the BoE’s estimate is at the higher end of this range. This would translate into a nominal rate of between 1.75% to 2.50%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: Consolidating gains below 1.1700 ahead of German inflation FX Street 5 years Analysts at Deutsche Bank point out that the consensus expectation is that the BoE will deliver a 25bp hike on Thursday, something that the market is currently assigning a 85% chance of happening. Key Quotes "Should they hike, which our economists expect the BoE to do albeit dovishly, then this would mark the first time since 2009 that the bank rate would be above 0.5%. It's worth noting that the latest BoE economic projections will also be released alongside the policy decision, including new forecasts for growth and inflation." "It's also expected that BoE Governor Carney will offer an updated… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
