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/ VIEW: Andy Chaytor of Nomura says that........>

BOE
BOE: / VIEW: Andy Chaytor of Nomura says that "market expectations for some
language change have increased. If we get no language change we would expect a
rally, if we do, then we might sell-off depending on what is said".
- Chaytor, says that we should focus on the last 2 paragraphs of the MPC
statement, and if the Bank wanted markets to price in higher rate hike premium
then it could change the statement on when policy could need be tightened from
'over the forecast period' to 'over coming months'.
- Chaytor also highlights that the "yield curve around the 2-/3-year points are
still lower than the one the BoE would of used in its August inflation report".

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