Markets Expect the Bank of England to Hold Rates Steady and Signal Its Next Steps
1. The market widely expects the Bank of England to keep interest rates unchanged. 2. Watch the internal voting split at the Bank of England; a majority of policymakers are expected to favor holding steady. 3. Watch whether the Bank of England makes any wording changes to its forward guidance and whether it signals a more dovish stance. 4. Watch the Bank of England’s assessment of developments in the Middle East and energy prices. 5. Watch the Bank of England’s latest analysis of quantitative tightening (QT) and any follow-up plans. 6. Watch the Bank of England’s view on economic growth and the labor market.