MNI: UK Preliminary Data Survey - December BoE MPC Minutes

By Jamie Satchithanantham

     LONDON (MNI) - The Bank of England's Monetary Policy Committee will publish

their latest decision Thursday and analysts are unanimous in seeing no change in

policy.

     After delivering the first rate hike in ten years early in November, and

providing virtually no dialogue in the accompanying minutes suggestive of

further tightening in the near term, it seems as though the last MPC meeting of

the year will be a non-event. 

     Of the 13 analysts polled, all expected the MPC to keep the status quo

--holding the Bank Rate at 0.5% and the stock of total assets at stg445bn (gilts

stg435bn, corporate bonds stg10bn).

     Eyes will likely be on the minutes again to see whether any language was

indicative of any future changes monetary policy changes.   

------------------------------------------------------------

                                    Dec                  Dec

                                    BOE                  BOE

                    MPC Policy Decision  MPC Policy Decision

                            Bank Rate %   Gilt Purch Stg bln

Date Out                         14-Dec               14-Dec

Median                              0.5                435.0

Forecast High                       0.5                435.0

Forecast Low                        0.5                435.0

Standard Deviation                  0.0                  0.0

Count                                13                    8

Prior                               0.5                435.0

Berenberg                           0.5                  N/A

Capital Economics                   0.5                435.0

Commerzbank                         0.5                  N/A

HSBC                                0.5                435.0

Investec                            0.5                435.0

LBBW                                0.5                435.0

Lloyds TSB                          0.5                435.0

Natixis                             0.5                435.0

Nomura                              0.5                435.0

Oxford Economics                    0.5                435.0

UniCredit                           0.5                  N/A

--MNI London Bureau; +44 203-586-2226; email: jamie.satchithanantham@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: MTABLE,MABDT$,M$B$$$,M$E$$$,M$$BE$]