The forecast from a Bloomberg survey is the Bank of England will leave interest rates unchanged - a record low for the period of the life of the British central bank. Expectations are for keeping the program in buying assets at the same level (GBP 375 billion)., which actually means that it is virtually stopped, due to the lack of volume.
At 14:00 will be published decision, together with the outcome of the vote.
We are interesting the current assessment of the economic situation, which seems less optimistic. Inflation target of 2% remains far with currently zero growth in consumer prices for the last period.
The first increase in interest rates became less expected as analysis at Barclays period sent him "three months after the similar step the Fed" and the US show no hurry. Surveys by Bloomberg likelihood receded even further after it was calculated current medium probability that concentrate forecast between December 2016 and March 2017.
Investors and traders, however, are aware that the guiding principle in the behavior of central banks, in use of short-term monetary instruments is surprising. In an unexpected change movements are large and almost unmanageable. The probability is very small, but never zero.
G.Hristov / Head of Fundamental Analyzes
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