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

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.