Bank of England preview – expect a change in the messaging in favour of rate cuts

The Bank of England meet this week, the decision is due on Thursday at 0700 US Eastern time. On hold expected.

Barclays on what to expect:

• inflation forecasts are likely be revised down for two and three years ahead
• “We expect a change in the messaging to indicate that the MPC is inclined to begin cutting the Bank Rate, conditional on the data evolving in line with the updated forecast”

***

Earlier:

• Bailey’s press conference will be interesting

This article was written by Eamonn Sheridan at www.forexlive.com.