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Bank of England unlikely to hike rates in 2018 – Danske Bank

The Bank of England had hiked Bank Rate to 0.5 percent from 0.25 percent in November, despite subdued growth, as it has become more worried about the combination of high inflation and low unemployment.

In all, the central bank kept its flexibility on additional rate hikes in 2018 and said it would ‘monitor closely’ incoming data.

“We still believe the rate hike was about taking back the emergency cut from August 2016 just after the Brexit referendum and not necessarily the beginning of a new hiking cycle”, said Danske Bank..

The Bank of England is very positive on wage growth and that it does not want to tighten monetary policy too much relative to the ECB. Therefore, the base case right now is no additional rate hikes in 2018, added Danske Bank.

At 20:00 GMT the FxWirePro's Hourly Strength Index of British Pound was bearish at -87.9069, while the FxWirePro's Hourly Strength Index of US Dollar was bullish at 83.0999. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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October 18 14:30 UTC Released

USNat Gas-EIA Implied Flow

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81 bcf

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Previous

90 bcf

October 18 14:30 UTC Released

USNat Gas, Change Bcf

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81 Cubic feet

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82 Cubic feet

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90 Cubic feet

January 31 00:00 UTC 375373375373m

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2016 bln ARS

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 387193387193m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 375373375373m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 387193387193m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 375373375373m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 375373375373m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 375373375373m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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