Bank of England

[CharlotteIG]

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. 

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 

 

[dmedin]

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

[CharlotteIG]

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

 

[Caseynotes]

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.

[dmedin]

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

 

[CharlotteIG]

From DailyFX this morning: 

Full article here: British Pound (GBP) Latest: Weakness Ahead, Rate Decision Evenly Balanced

 

Client sentiment is currently Bearish:

 

[CharlotteIG]

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

[CharlotteIG]

 

Bank of England cuts interest rates from 0.75 to 0.25.

UK market open impact: 

FTSE up slightly

Cable also up slightly now after a drop. 

[CharlotteIG]

 

[Kodiak]

"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 March 11, 2020 by Kodiak

[dmedin]

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

[dmedin]

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

[CharlotteIG]

Bank of England cuts rates by 15 basis points to 0.1%

[CharlotteIG]

DailyFX Article - BOE decision

BoE Policy Decision - GBP Picks Up But Central Bank Warns of Slumping Q2 GDP

Preview: 

There's also a video with the article. Let me know what you think  

[CharlotteIG]

The Bank of England (BoE), will commence their latest monetary policy announcement at midday 12:00 (UK Time), on Thursday 24 June 2021.

Tune in to IGTV’s live BoE announcement and analysis at 11:55 AM BST on Thursday in the IG platform.

Today at 12:00 (UK Time):

GBP BoE Interest Rate Decision
Prev: 0.1%
Est:0.1%

Bank of England Quarterly Inflation Report 

Monetary Policy Summary report

BoE MPC Vote Unchanged 
Prev: 9
Est:9
 

BoE Asset Purchase Facility (Jan) 
Prev: £895B
Est:£895B
 

BoE MPC Vote Cut 
Prev: 0
Est:0
 

BoE MPC Vote Hike 
Prev: 0
Est:0

[CharlotteIG]

Results:

GBP BoE Interest Rate Decision

Prev: 0.1%

Est:0.1%

Actual: 0.1%

 

GBP BoE MPC Vote Unchanged

Prev: 9

Est: 9

Actual: 9 

 

GBP BoE Asset Purchase Facility (June)

Prev: £895B

Est:£895B

Actual: £895B

 

GBP BoE MPC Vote Cut

Prev: 0

Est: 0

Actual: 0

 

GBP BoE MPC Vote Hike

Prev: 0

Est: 0

Actual: 0

[AndaIG]

Bank of England to raise rates in late 2022, possibly sooner - Reuters poll

LONDON (Reuters) - The Bank of England will raise borrowing costs by end-2022, earlier than previously thought, and there is a chance it comes even sooner as a solid economic recovery from the pandemic and high inflation may tip its hand, a Reuters poll found.

https://www.reuters.com/article/britain-economy-poll/bank-of-england-to-raise-rates-in-late-2022-possibly-sooner-reuters-poll-idUSKBN2G602Z