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BoE news out today 12:00 GMT. We have a live video on the platform at 11:55 GMT which will announce rates as soon as they come out. 

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Today at 12:00 GMT:

GBP BoE Interest Rate Decision
Prev: 0.75%
Est:0.75%

Bank of England Quarterly Inflation Report 

Monetary Policy Summary report

BoE MPC Vote Unchanged 
Prev: 7
Est:6
 

BoE Asset Purchase Facility (Jan) 
Prev: £435B
Est:£435B
 

BoE MPC Vote Cut 
Prev: 2
Est:3
 

BoE MPC Vote Hike 
Prev: 0
Est:0

 

Today at 12:30 GMT:

BoE's Governor Carney speech 

 

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All eyes will be on the number of people who voted for rate cuts

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13 minutes ago, dmedin said:

All eyes will be on the number of people who voted for rate cuts

I will update as it comes out :)

 

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was intrigued to see Carney speaking at 12:30 today but the BoE don't do a presser post rate decision so not sure what the speaking event is.

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5 minutes ago, Caseynotes said:

was intrigued to see Carney speaking at 12:30 today but the BoE don't do a presser post rate decision so not sure what the speaking event is.

It's his farewell message probably :)

 

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Results:

GBP BoE Interest Rate Decision

Prev: 0.75%

Est:0.75%

Actual: 0.75%

 

GBP BoE MPC Vote Unchanged

Prev: 7

Est:6

Actual: 7 

 

GBP BoE Asset Purchase Facility (Jan)

Prev: £435B

Est:£435B

Actual: £435B

 

GBP BoE MPC Vote Cut

Prev: 2

Est:3

Actual: 2

 

GBP BoE MPC Vote Hike

Prev: 0

Est:0

Actual: 0

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Bank of England cuts interest rates from 0.75 to 0.25.

UK market open impact: 

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FTSE up slightly

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Cable also up slightly now after a drop. 

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Posted (edited)

"Former ECB President Mario Draghi, whom I met with regularly during that period to discuss this very issue, understood and fretted about the fact that the Germans would be very much against the move to QE. He nonetheless chose to protect the entire euro zone economy from deep recession and possible deflation, incurring the wrath of ECB hawks and Germans in the process."

https://www.bloomberg.com/opinion/articles/2020-03-11/coronavirus-europe-needs-a-robust-response-from-the-ecb

 

" hint of a “too little, too late” response that significantly raises the odds of a soaring euro and recession."

 

Draghi please come back with the helicopter😷

 

 

 

 

 

Edited by Kodiak
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From 0.75% to 0.25%, boring ... why not 0% 😴

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Look at all those people dressed in black with such serious faces.  Makes you wonder what life really means.

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