Jump to content
Sign in to follow this  

Bank of England

Recommended Posts

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. 

image.png

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 

 

  • Like 2

Share this post


Link to post

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

  • Like 2

Share this post


Link to post
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 :)

 

  • Like 1

Share this post


Link to post

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.

  • Like 2

Share this post


Link to post
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 :)

 

  • Like 2

Share this post


Link to post

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

  • Like 1
  • Thanks 1

Share this post


Link to post
 

Bank of England cuts interest rates from 0.75 to 0.25.

UK market open impact: 

image.png

FTSE up slightly

image.png

Cable also up slightly now after a drop. 

image.png

Share this post


Link to post
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
  • Like 1
  • Great! 1

Share this post


Link to post

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

Share this post


Link to post

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

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      8,947
    • Total Posts
      48,853
    • Total Members
      61,876
    Newest Member
    MityMo66
    Joined 01/04/20 21:49
  • Posts

×
×