Thursday 8 February 2018

What to expect from the Bank of England's first announcement of 2018.

LONDON — The Bank of England faces falling inflation but an uncertain growth picture as it heads towards its first major policy announcement of 2018 on Thursday.

The bank will announce the findings of the first meeting of the rate setting Monetary Policy Committee of the year at noon. As it stands, the Bank's key interest rate is 0.5%, and that is unlikely to change. The MPC will also release its latest quarterly inflation report, providing updated economic forecasts from the bank. 

Although policy is widely expected to stay on hold, the MPC is likely to set the tone for a year in which markets expect at least one, and possibly two, interest rate increases.




By Will Martin.

Full story at Yahoo News.

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