Free Trial

TD Securities View Ahead of the Sep MPC Meeting

BOE
  • TD Securities note that the September meeting "isn't expected to be any kind of turning point...however, we do look for a slightly dovish turn, with more focus on the downside risks to growth going forward."
  • TD Securities "don't expect to see any concrete decision on the future of the QE programme at this stage, as there's still space for the programme to run until December at the current pace of purchases."
  • TD Securities "do not expect the BoE to validate hopes for any further near-term easing on rate cuts or asset purchases. If anything, we see them centering market expectations around our base case scenario of an additional £50 bn of QE alongside the November MPR."

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.