The forecast for March is very much in line with the market thinking at the moment, with policymakers likely to wait on more definitive conclusions from the spring wage negotiations. That is even if wages growth is very much expected to come in strongly.
Interestingly, there is only a small minority expecting a rate hike in either May or June with most expecting one to be in July next.
The current market pricing shows ~14 bps priced in for June with ~19 bps priced in for July.
This article was written by Justin Low at www.forexlive.com. Read More Details
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