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/ VIEW: Barclays say that they "believe the.....>

BOE
BOE: / VIEW: Barclays say that they "believe the MPC will need to acknowledge"
both inflation and growth has "consistently" fallen below its forecasts, and see
the majority of the MPC "finding it difficult to drift further into hawkish
territory". 
- "Overall we do not expect a major change in rhetoric. Rather, we expect the
minutes to insist on the importance of data to resolve the uncertainty and to
move somewhat away of the preemptive hike talk", Barclays says.
- Barclays see risk of MPC preparing markets for a rate hike later in the year,
"which would translate into less equivocal language in the minutes and the press
conference".

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