At its August meeting, the Bank of England (BOE) is likely to keep its benchmark interest rate at a record low of 0.1% and its bond-buying stimulus programme unchanged at GBP745 billion (USD980 billion). The decision will be accompanied by the minutes of the meeting, economic projections, making the event for a ‘Super Thursday.” The announcement is scheduled for 0600 GMT instead of the usual 1130 GMT this Thursday. Although, the BOE Governor Andrew Bailey will address a press conference at 1130 GMT, throwing more light on the policy decision and the projections. About 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. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crude Oil Futures: Upside momentum looks unchanged FX Street 2 years At its August meeting, the Bank of England (BOE) is likely to keep its benchmark interest rate at a record low of 0.1% and its bond-buying stimulus programme unchanged at GBP745 billion (USD980 billion). The decision will be accompanied by the minutes of the meeting, economic projections, making the event for a ‘Super Thursday.” The announcement is scheduled for 0600 GMT instead of the usual 1130 GMT this Thursday. Although, the BOE Governor Andrew Bailey will address a press conference at 1130 GMT, throwing more light on the policy decision and the projections. About BOE Interest Rate Decision BoE Interest… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
