3 Oct 2014
BoE on hold as inflation undershoot persists - RBS
FXStreet (Guatemala) - Analysts at RBS explained that the BoE seems highly unlikely to alter policy monetary settings or issue any statement in October.
Key Quotes:
“The November Inflation Report provides the next key policy signalling opportunity, specifically whether February 2015 is the most likely month for the first rise in Bank Rate (the RBS forecast) or whether this is more likely to be pushed further into 2015 (as per recent market pricing)”.
“The data flow in the coming week is relatively light, but official industrial and construction output data for August will help to cement expectations for Q3 GDP – the available data and survey evidence point to growth of 0.8% q/q in Q3, in line with the H1 2014 average”.
Key Quotes:
“The November Inflation Report provides the next key policy signalling opportunity, specifically whether February 2015 is the most likely month for the first rise in Bank Rate (the RBS forecast) or whether this is more likely to be pushed further into 2015 (as per recent market pricing)”.
“The data flow in the coming week is relatively light, but official industrial and construction output data for August will help to cement expectations for Q3 GDP – the available data and survey evidence point to growth of 0.8% q/q in Q3, in line with the H1 2014 average”.