BULLET: BOE Minutes: Little Material Change In MPC Statement.>

BOE Minutes: Little Material Change In MPC Statement Language  

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--The MPC expressed no view whether a rate hike was likely or not 

in the near term (i.e. in coming months).

--The MPC expressed no view that policy could need to be tightened 

by a somewhat greater extent than implied by YC path over fcast period. 

--The MPC referred to slower global growth in H218, although said 

likely temporary and not pointed to as immediately relevant to policy. 

--MPC restated rates hikes are likely to be gradual and limited 

--MPC made no explicit policy reference with regards to Brexit, 

still saying rates could go either way depending on outcome. 

--There was no comment in the minutes pertaining to the current 

around 1.5% guidance for beginning QE unwind. 

--The MPC see little or no slack in the economy, but the weaker 

outlook should create a small margin of slack opening up in 2019.