The Bank of England is expected to review its quantitative tightening (QT) plan
at Thursday’s policy meeting. Ebury analyst Matthew Ryan says the QT assessment
is unlikely to move UK assets materially because investors will focus on
inflation guidance and any split in the rate vote. He cautions that a 7-2 vote
to hold rates, combined with guidance that downplays inflation risks, would
likely lead markets to lower expectations for further BoE hikes.
