A preview of the Bank of England meeting today from BoA/Merrill Lynch
, says Bank of America Merrill Lynch.
"But we do not expect the BoE to "row back" expectations to where the
rate strip currently sits. Expect expressions of concern and uncertainty
to be tempered with references to the modest likely impact of China
developments on the UK economy and to a moderation in currency-induced
disinflationary pressure (thanks to sterling slippage)," BofA projects.