BOE Rate Decision

BOE Rate Decision Tomorrow #6B_F 5.10.2018

May 9th, 2018 Filed under Future Trading News | Comment (0)


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Dear Traders,
Thursday / May 10th / 07:00 EST / 11:00 GMT
BOE Interest Rate Decision:
Hawkish hold in the cards?
The Market Focus
No change in policy is expected. The recent run of disappointing economic data has forced the market to push out the next rate hike expectation until Q3. This has also substantially decreased the likelihood of further rises through the remainder of 2018. Nevertheless, analysts believe that the BOE is likely to signal that holding the policy rate steady in May would only be a delay in its gradual normalization scheme.
Only a few weeks ago a May rate hike seemed like a done deal but appears unlikely now. OIS now suggest the odds of a rate hike at 10% (down from 85% a month ago).
What the News Desk Says
In lieu of dovish comments and disappointing economic indicators, analysts believe a rate hike will be postponed until the August meeting.
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