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MNI BOE Preview - December 2023: Same as November?

  • There is a unanimous expectation amongst sellside economists that the MPC will vote to keep Bank Rate on hold at 5.25% - with market pricing also endorsing this view and pricing a negligible chance of any other outcome.
  • However, this week’s decision still has plenty to watch with the vote split and forward guidance likely to be the most obvious drivers of the initial market reaction.
  • We discuss the main considerations of November's hawkish dissenters as well as whether Dhingra will vote for a cut. On balance (and despite the weak AWE numbers this morning) we still expect a 6-3 vote this week.
  • We have read through and summarised over 20 analyst previews.
For the full preview see:

MNI BoE Preview - Dec23.pdf




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