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16 Mar 2015
BoE minutes to show no changes in monetary policy – TDS
FXStreet (Edinburgh) - In the view of Jacqui Douglas, Strategist at TD Securities, the upcoming BoE minutes should come in line with consensus, showing the monetary policy stance unchanged.
Key Quotes
“Markets will be looking for another unanimous vote to keep rates unchanged, especially after the BoE (accidentally, we think) published a press release after the 5 March rate decision saying that “The Minutes of the Monetary Policy Committee meeting on 4 and 5 March reveal a unanimous vote on Bank Rate and Asset Purchases.”
“Recent comments from Weale and McCafferty also didn’t suggest that either one of them has changed their votes back to hiking quite yet”.
Key Quotes
“Markets will be looking for another unanimous vote to keep rates unchanged, especially after the BoE (accidentally, we think) published a press release after the 5 March rate decision saying that “The Minutes of the Monetary Policy Committee meeting on 4 and 5 March reveal a unanimous vote on Bank Rate and Asset Purchases.”
“Recent comments from Weale and McCafferty also didn’t suggest that either one of them has changed their votes back to hiking quite yet”.