4 Feb 2016
BoE: No surprises in the offering - TDS
Research Team at TDS, suggests that today’s BoE meet will have no surprises on the policy front.
Key Quotes
“But 2yr gilts have fallen off a cliff in the last month, and the broader yield curve has also shifted down. This will help offset risks from global growth, and while inflation and output forecasts might be a bit weaker in 2016, they're likely to be largely unchanged at years 2 & 3, which might be interpreted as a bit hawkish by markets.”
Key Quotes
“But 2yr gilts have fallen off a cliff in the last month, and the broader yield curve has also shifted down. This will help offset risks from global growth, and while inflation and output forecasts might be a bit weaker in 2016, they're likely to be largely unchanged at years 2 & 3, which might be interpreted as a bit hawkish by markets.”