FXStreet (Bali) – According to Societe Generale, today’s BoE MPC is expected to stay on hold but vigilant on China.
Key Quotes
“In today’s monetary policy meeting, the Committee should leave policy unchanged, while closely monitoring the Chinese situation.”
“The underlying concern in the markets is that the slowdown in China might turn into a hard landing and the evidence either to refute or to confirm that hypothesis will only come slowly so the Bank is likely to remain vigilant on this topic for some time yet.”
(Market News Provided by FXstreet)