Rabo Bank: BoE MPC Meeting- Preview

Quotes from Rabobank

• The Bank of England is due to announce its latest policy decision at 12:00 GMT. No change is expected and no statement is likely meaning the market will have to wait for the publication of the minutes on March 18 to see if today's meeting will bring any fresh policy signals.  
  
  
• Last month the Bank signalled that a move by the CPI inflation index below zero was 'likely' this spring.  However, on the basis that deflation is expected to be temporary and is having the effect of boosting real incomes, BoE Governor Carney projected a slightly hawkish tone at the presentation of the February Inflation Report relative to market expectations.
• We expect the first BoE rate hike in February 2016.