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20 May 2015
Will the BoE Minutes show a shift in members view towards rate hike? – TDS
FXStreet (Barcelona) - The TD Securities Team previews the BoE Minutes release, noting that although the vote outcome will stand unchanged from the last meeting, focus would be on seeing if any shift towards a rate hike has been made by the MPC members.
Key Quotes
“Today we get the minutes from the last MPC meeting earlier this month. After the protracted purdah into the elections, the Inflation Report press conference was rather boring. There was no discernible shift in bias that the next move is up, though there was seeming acknowledgement that the MPC was less concerned on the downside risks for inflation in the near-term.”
“We are curious to see if any members shifted slightly closer to thinking about dissenting in favour of a hike, although we think that a 9-0 vote was still the most likely outcome at this last meeting.”
Key Quotes
“Today we get the minutes from the last MPC meeting earlier this month. After the protracted purdah into the elections, the Inflation Report press conference was rather boring. There was no discernible shift in bias that the next move is up, though there was seeming acknowledgement that the MPC was less concerned on the downside risks for inflation in the near-term.”
“We are curious to see if any members shifted slightly closer to thinking about dissenting in favour of a hike, although we think that a 9-0 vote was still the most likely outcome at this last meeting.”