Nov 8
BOE Preview: October interest rate decision
Rate decision due at 1200 BST Keep rates on hold; stay in ‘wait and see’ mode; Remain cautious on the sustainability of the recovery; keep QE target unchanged at GBP 175bln though keep door open for further QE increases should economic conditions warrant it Unlikely to lower interest rate on bank reserves, but still a possibility later on All analysts surveyed expect the BOE to keep rates on hold at 0.5% for a 7th successive month. Any change in monetary policy or QE is more likely next month
