FXStreet (Delhi) - James Rossiter, Senior Global Strategist at TD Securities, suggests that the Bank of England meeting of this week is unlikely to see any change in policy stance but MPC minutes are likely to be closely watched for EM growth concerns.
Key Quotes
“We don’t expect any change in policy, with a repeat of last month’s 8-1 vote. It will be interesting to see what the MPC’s minutes say about EM growth prospects given the MPC have had another month to digest some of the macro data.”
“As the end of the year approaches, the votes will become more finely balanced in favour of a hike and it’s likely not long until Kristin Forbes puts her vote in for a hike on low exchange rate pass-through arguments.”
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