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ANALYST VIEWS (1/2) - All analysts expect a.....>

BOE
BOE: ANALYST VIEWS (1/2)
- All analysts expect a 9-0 vote in favour of keeping rates on hold at 0.75% and
the stock of QE unchanged. The only analyst report that we have seen that points
even to the slightest possibility of any dissent was from Morgan Stanley who see
a low probability that Saunders could hawkishly dissent.
- The main focus in the statement is how much weight the MPC put on the global
slowdown. Analysts expect growth forecasts to be either unchanged or revised
down a little, with weak external demand somewhat offset by the 0.3pp increase
to growth across the forecast horizon from looser fiscal policy.
- Analysts are generally expecting some downward revisions to near-term (2019)
inflation forecasts due to the fall in oil prices in the Inflation Report.
- Most analysts expect medium-term inflation forecasts to be largely unchanged
but some see risks to the upside given lower rates and/or building domestic cost
pressures.

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