31 Jan 2014
Flash: BoE - over forward guidance? - Rabobank
FXstreet.com (Guatemala) - Strategists at Rabobank noted that the MPC’s February 6 policy meeting is likely to pass without event.
Key Quotes:
“By contrast, the release of the Inflation Report on February 12 is likely to demand attention”.
“Not only will the Bank present its latest economic overview, but Governor Carney has promised that the “Bank’s assessment of how to evolve guidance to changing circumstances will begin in our February Inflation Report.” We expect that the existing forward guidance will be altered or downplayed in order for the MPC to underpin a very dovish tone”.
Key Quotes:
“By contrast, the release of the Inflation Report on February 12 is likely to demand attention”.
“Not only will the Bank present its latest economic overview, but Governor Carney has promised that the “Bank’s assessment of how to evolve guidance to changing circumstances will begin in our February Inflation Report.” We expect that the existing forward guidance will be altered or downplayed in order for the MPC to underpin a very dovish tone”.