BOE in 5 mins
No change expected rates or Asset Purchases..
Small chance we get some form of statement on forward guidance but we expect BOE will wait for the Quarterly Inflation Report next week to do this..
Just in case though.. forward guidance currently has target at 7% for unemployment ..
Chance they lower this to 6.5% but more likely is a change to the wording to clarify rates will not be hiking too soon in response to UR hitting target sooner than anticipated.. Also possible they introduce other criteria into their forward guidance..
As we say no statement expected but worth just flagging expectations just in case..
SO NO CHANGE EXPECTED
RATES EXPECTED TO REMAIN AT 0.50%
ASSET PURCHASES EXPECTED TO REMAIN GBP 375bn