Bank of England Governor Mark Carney is scheduled to deliver his remarks on the monetary policy outlook at 11:30 GMT after the BoE publishes its interest rate decision alongside the Quarterly Inflation Report.
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) decision on its monetary policy, which will be announced at 1100GMT, accompanied by the release of Quarterly Inflation Report (QIR) and the minutes of its policy meeting.
BoE Preview: Major Banks are forecasting no change in policy today.
With continued Brexit uncertainty and still weak economic data coming out of the UK, the Bank of England is unlikely to change its policy and is expected to keep the Bank rate unchanged at 0.75%.
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.
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