BoE First rate hike by spring 2015

•       BoE First rate hike by spring 2015

•      Speaking at the Trades Union Congress on Tuesday, BoE Gov. Mark Carney said market expectations of the first rate hike by spring next year fits the central bank's estimate for the medium-term inflation 2%. 

•      Bank of England Gov. Carney and other MPC members give          evidence on the August inflation report:

•      Inflation Report hearing is expected to focus on the latest round of forecasts and the BoE's appropriate response to the ongoing economic and political circumstances

•      The Bank’s top officials are expected to discuss the heightened uncertainty surrounding the Scottish referendum

•      Nemat Shafik, a new member at the MPC, should shed some light on her sentiment at the MPC board

•      It might also be interesting to hear any comments by Martin Weale, one of the two dissenters at the August policy meeting

•        Today’s action:

•      Eurozone: French Industrial production for July

•      Norway: We get the CPI for August and expectations of a slowdown in Norway’s inflation could prove NOK-negative.

•      US: MBA mortgage approvals for the week ended September 5

•      Speakers: ECB Gov. council member Ewald Nowotny and ECB Executive board member Yves Mersch speak