BOE minutes still show that next rate move is likely higher – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team highlights the key points from today’s BOE MPC minutes.

Key Quotes

“Bank of England (BOE) April Minutes had no surprises. The vote was again unanimous to keep policy steady (both interest rates and asset purchase target).”

“Reiterated that next rate move likely to be higher and saw risk of faster inflation pickup from GBP currency impact. It reiterated two members (prior hawks) saw case for rate hike being 'finely balanced'.”

“GBP currency (Pound) rise was weighing on CPI quicker vs expected. CPI expectations hint households would not delay spending”