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BoE: Steady policy setting this week – Rabobank

Rabobank analysts are expecting the Bank of England to keep rates unchanged at 0.75% at this week’s meeting.

Key Quotes

“The vote is likely to be unanimous still, even as a number of influential MPC members have made some relatively hawkish speeches recently.”

“The hawks are focusing on decent wage growth amid low unemployment, but the warnings with regards to rate increases are falling on deaf ears.”

“The downside risks resulting from Brexit and trade uncertainties outweigh the upside risks of slightly elevated domestic price pressures. We forecast no rate hikes for this year and next.”

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