The Barclays Research Team offers a sneak peek at what to expect from the Bank of England (BOE) ‘Super Thursday’.
Key Quotes:
“We expect the BoE to largely repeat the message of the May inflation report, ie, waiting for the data to confirm its forecasts.
In our view, data published since the May IR do not call for any change in tone as they came in either in line or on the soft side.
Accordingly, we expect the rate to remain at 0.50% (con.: 0.50%), the split in the MPC on rates to remain (7-2 for status quo).”
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