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10 Feb 2014
Flash: MPC to update FG? - RBS
FXStreet (Guatemala) - Analysts at RBS said there could be new guidance soon.
Key Quotes:
“There is a possibility that the MPC signals it is prepared to update its forward guidance (FG) but does not make any significant changes this week”.
“With updated forecasts in hand and a press conference by Governor Carney, the Inflation Report is likely the best release to accompany a change in the guidance. We see this as unlikely mainly because it leaves open the possibility that the MPC enters a short period where there is no forward guidance in between its phase one and phase two of guidance”.
“This should increase interest in the monthly MPC policy decisions, but the May Inflation Report would likely become the next most likely venue for a shift in forward guidance. GBP positive”.
Key Quotes:
“There is a possibility that the MPC signals it is prepared to update its forward guidance (FG) but does not make any significant changes this week”.
“With updated forecasts in hand and a press conference by Governor Carney, the Inflation Report is likely the best release to accompany a change in the guidance. We see this as unlikely mainly because it leaves open the possibility that the MPC enters a short period where there is no forward guidance in between its phase one and phase two of guidance”.
“This should increase interest in the monthly MPC policy decisions, but the May Inflation Report would likely become the next most likely venue for a shift in forward guidance. GBP positive”.