BoE: Expect no fireworks today – Nomura

Analysts at Nomura do not expect any change in BoE’s monetary policy this month, with economic news no longer surprising as much on the upside (note the latest PMI surveys, for example, which were weaker in the UK despite the general improvement in other countries).

Key Quotes

“The rise in inflation is also set to taper off over the next two releases – the combination of static inflation and expectations of slowing growth should keep the MPC on hold for some time (we expect until H2 2019).”