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THE FINANCIAL JOURNAL GLOBAL
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THE FINANCIAL JOURNAL GLOBAL
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THE FINANCIAL JOURNAL GLOBAL
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THE FINANCIAL JOURNAL GLOBAL
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THE FINANCIAL JOURNAL GLOBAL
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Bank of England (MPC) rate maintained at 0.50% // Euro (-0.13%) vs. GBP 0.8815
THE FINANCIAL JOURNAL GLOBAL
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BoE rate announcement 13:00 hrs and the ECB policy announcement is at 13:45 hrs.
The BoE is widely expected to stand pat on interest rates after last month's increase and there will be no press conference following the announcement this time.
The UK central bank is unlikely to change its view of the UK economy so soon after last month's inflation report, but the rise in CPI inflation to 3.1% earlier this week does vindicate the concern of some policymakers about the prospect of inflation starting to become entrenched.
The ECB is also expected to leave monetary policy unchanged, so investors will be eyeing President Mario Draghi's views on the eurozone economy.
With the ECB having only announced a taper to its quantitative easing program at the last meeting, it's extremely unlikely that further updates will come today.
THE FINANCIAL JOURNAL GLOBAL
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Euro (-0.17%) vs. US-Dollar at $1.1817
On Wednesday, the US Fed hiked rates by 25 basis points, as expected, marking the third increase this year. In addition, the US central bank projected three more rate hikes in each of 2018 and 2019.