Bank of England Governor Mark Carney is scheduled to deliver his remarks on the monetary policy outlook in a press conference at 11:30 GMT after the bank announces the interest rate decision and publishes the Monetary Policy Summary and the Quarterly Inflation Report.
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When is the BOE rate decision and how could it affect GBP/USD?
It’s a ‘Super Thursday’ again and time for the Bank of England’s (BOE) second rate hike announcement since the global financial crisis (GFC), which will be announced at 1100GMT, accompanied by the release of Quarterly Inflation Report (QIR) and the minutes of the policy meeting.
BOE: Expect an 8-1 vote to hike, with Cunliffe the stand-out dove – Morgan Stanley.
Analysts at Morgan Stanley offer detailed insights on what to expect at today’s trio of key Bank of England (BOE) events, including the monetary policy statement, minutes of the meeting and quarterly inflation report (QIR).
About Mark Carney
Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.
About the BOE interest rate decision
BOE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and raises the interest rates it is positive, or bullish, for the GBP. Likewise, if the BoE has a dovish view on the UK economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.
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