PREVIEW: Bank of England Monetary Policy Decision, Minutes and Quarterly Inflation Report at 12:00BST (07:00ET), Press Conference with Governor Carney at 12:30BST (07:30ET)
01 Aug 2018, 13:43 by Adam Linton
- Bank of England expected to lift its base rate by 25bps from 0.50% to 0.75%; vote split expected to be 7-2
- Recent UK data points and MPC rhetoric has lead to markets pricing in a circa 80-90% chance of a hike
- Little in the way of material changes are expected for inflation and growth forecasts with the economy having developed largely in-fitting with the MPC’s expectations
BACKGROUND
After what has been a complex year thus far for the Old Lady,...
