Skip November? | Metals Mine

  • Skip November?

    From media.rabobank.com Story is in PDF Format

    As widely anticipated and fully priced into the GBP OIS curve, the Bank of England’s Monetary Policy Committee (MPC) held Bank Rate steady at 4.00% in September. The 7-2 vote split followed familiar lines, with external members Dhingra and Taylor again favouring a 25bp cut. The policy statement largely echoed August’s messaging, reaffirming the MPC’s “gradual and careful” approach to easing. It also repeats that rate decisions remain data-dependent and are not on a pre-set path, with the Committee seeking clearer evidence of underlying disinflation. In our view, this guidance reinforces the MPC’s easing ... (full story)

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