Flash: BoE monetary policy – RBS
FXstreet.com (London) – RBS research at RBS said over the course of 2013 we have observed a convergence within the MPC as the ‘doves’ ceased to vote for extending QE purchases and the ‘hawks’ signalled that rate rises are not coming ‘anytime soon’ (Spencer Dale).
“Recent sets of MPC Minutes have become the monetary policy equivalent of a Status Quo record – the same three chords, almost indistinguishable from its predecessor”.
“The MPC has adopted a broadly neutral policy stance: having entered no-man’s land policymakers are now digging-in. With a 7% unemployment rate still some way off on the …read more