Expectations for the Bank of England extravaganza … provided by 10 major banks; & GBP strategy,
with thanks to eFX for putting it together
First, while we expect policy to remain unchanged, we do expect that
two – possibly three – MPC members will have voted for a rate rise. Second,
we expect that the projected path for near-term inflation will be
revised lower as part of the inflation ‘fan chart’, but that the risks
around the central case will no longer be skewed to the downside, on
account of the pick-up in wages.