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17 Jul 2013
Flash: BoE Minues – TD Securities
FXstreet.com (London) - Research teams at TD Securities said that for the first time since October 2012, the MPC was unanimous with a 9-0 vote to leave rates and QE unchanged in the July MPC Minutes.
“With some speculating Carney could vote for QE and take Mervyn King’s place, the fact that everyone saw fit to hold their ground while they discussed “other options” provided the hawkish interpretation of the Minutes to the market that we expected”. They noted that there were still some members who saw further stimulus warranted overall, but the consensus was that it was better to see what comes of these discussions
“With some speculating Carney could vote for QE and take Mervyn King’s place, the fact that everyone saw fit to hold their ground while they discussed “other options” provided the hawkish interpretation of the Minutes to the market that we expected”. They noted that there were still some members who saw further stimulus warranted overall, but the consensus was that it was better to see what comes of these discussions