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).

Key Quotes:

“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