Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
Despite continued strong jobs gains seen in UK, wage data have softened. And along with downward growth revisions and Brexit uncertainties, we now see plenty of reasons to support BoE's wait and see for longer approach.
BoE is largely expected to stay pat at at Thursday's meeting and is unlikely to signal that a change is imminent. If anything, the minutes of the meeting could veer further into dovish territory. Recent oil price falls along with weakening the inflation outlook, give them plenty of room to wait.
"We recently pushed back our BoE rate hike call to November 2016 from May 2016. To our minds, the only big question is whether the MPC vote 8-1 or 9-0 to keep rates on hold. We look for Ian McCafferty, the sole hawk at present, to drop his vote for a hike at one of the next couple of meetings," Notes BoFA Merrill Lynch in a report to clients.
