FXStreet (Guatemala) – Analysts at TD Securities explained that the Bank of England Rate Decision is on the 10 Dec.
Key Quotes:
“This week’s BoE policy meeting is unlikely to be too exciting, but after this week’s Financial Policy Committee statements, we’ll be looking for any update to the rate bias going forward.
While we think the FPC’s measures (ie, reinforcement that the countercyclical capital buffer will soon rise) are designed to prevent tail risks from building and shouldn’t affect monetary policy directly, that might not be a view shared by all on the MPC. We’ll also look through the minutes for an update on how they characterise global risks. We still see May as the most likely lift-off date for Bank Rate.”
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