Analysts at Standard Chartered expect Bank of England (BoE) policy makers to raise interest rates at the 2 August Monetary Policy Meeting (MPC), taking Bank Rate up to 0.75% from 0.50% – only the second rate hike since the global financial crisis. Key Quotes “The market agrees, currently pricing in about a 90% chance of a rate hike in August.” “The BoE’s May Inflation Report (IR) assumed that economic momentum would improve in Q2-2018 following the dip in activity in Q1-2018, and noted that if “the economy were to develop in line with the May Inflation Report projections, an ongoing tightening of monetary policy over the forecast period would be appropriate to return inflation sustainably to its target”.” “The minutes of the June policy meeting demonstrated that the MPC viewed this recovery as broadly on track.” “Economic data released since the June policy meeting have reinforced this view, particularly the bounce back in GDP growth and improving business survey data.” “Retail sales, consumer price inflation and wage growth data have disappointed somewhat in recent weeks, which likely has given MPC members pause for thought, but we think evidence of a rebound in Q2-2018 is strong.” “Brexit adds a layer of uncertainty, but for now BoE policy makers are likely to look through the noise.” 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 Asian stocks decline ahead of the week’s central bank action FX Street 5 years Analysts at Standard Chartered expect Bank of England (BoE) policy makers to raise interest rates at the 2 August Monetary Policy Meeting (MPC), taking Bank Rate up to 0.75% from 0.50% - only the second rate hike since the global financial crisis. Key Quotes "The market agrees, currently pricing in about a 90% chance of a rate hike in August." "The BoE's May Inflation Report (IR) assumed that economic momentum would improve in Q2-2018 following the dip in activity in Q1-2018, and noted that if "the economy were to develop in line with the May Inflation Report projections, an ongoing… 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.
