Flash: BoE; glass half full – Rabobank
FXstreet.com (London) – Strategists at Rabobank noted that since its last policy meeting the MPC has published its Quarterly Inflation Report.
“The Bank now expects that inflation will remain “persistently a little below target in the later part of the forecast period”.
“The MPC assesses the chances of inflation being at or above 2.5% towards the end of the next year to be only around one in three – much lower than in August”. While this may point to a more dovish central bank, the MPC also stated that they now expect the 7% unemployment …read more