BoE: Dovish outlook but still next move is a hike – SocGen

By FXStreet Research Team at Societe Generale, suggests that today being an Inflation Report meeting, the markets will have the task of simultaneously digesting the policy announcement, the report, and the minutes of the meeting.

Key Quotes

“We have felt that, ever since this new procedure was introduced in August, the markets have struggled to make sure that they extract the key messages from the welter of information that is released.

We suggest focusing on three areas: 1) the monetary policy summary (which is included in both the minutes and the report); 2) the summaries at the beginning of each Inflation Report chapter entitled “Monitoring the MPC’s key judgements” and the table in the “Prospects for inflation” chapter entitled “Monitoring the risks to the MPC’s key judgements”; and, of course, 3) the press conference itself which is held 30 minutes after the release of the Report.”
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Source:: FX Street