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/VIEW: Barclays believe that "while a...........>

BOE
BOE: /VIEW: Barclays believe that "while a confident BoE in normal times would
likely have happily looked through a growth soft patch and hiked, increasing
doubts regarding the outlook amid high levels of uncertainty led the MPC to
forgo a rate hike in May and reshape the timing of its tightening cycle. We
think the bar for a hike in August is now as high as 0.5% q/q growth in Q2 as
well as uninterrupted improvements in the labour market. We believe that such a
scenario will not materialise and that weakening underlying growth will deter
the bank from hiking at all in 2018 and 2019." This reiterates their
pre-decision view.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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