Free Trial

RBC View Following the BOE MPR

BOE
  • RBC notes that this meeting "represents a pause rather than a stop for the MPC" and think that "heavy emphasis on the uncertainty for the outlook further out continues to suggest to us that it is waiting to see what turn the economy takes in the autumn before deciding on what further action to take."
  • RBC "continue to see the BoE being forced to take further action to support the economy therefore. We thought the June QE announcement 'underwhelming' and still think that, based on the scale of issuance, that another £100bn of QE will be announced later this year. Given the balance of risks to the recovery and today's message from the MPC that negative rates are firmly on the table as a policy option we also still think that the negative rates discussion is going to intensify in coming months."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.