I posted a preview of the Bank of England "Super Thursday" here
Reuters have a bit of a preview up also, the main points (in brief)
- No change to policy expected
- Carney and his colleagues have no clear idea of the implications of Prime Minister Theresa May's plan to take Britain out of the EU's single market when it leaves the bloc, nor of the protectionist trade policies of new U.S. President Donald Trump which could put strains on the world economy
- "I would be very surprised if they are agonising about whether they could keep policy stimulatory or ought to be moving quickly to remove it," Charlie Bean, a former BoE deputy governor, said. He said he expected a "significant slowing of consumer spending over the next year or two" as a strong increase in inflation eats into the spending power of many households.
I'll try to hunt down a link for more ... here we bgo!
Bank of England faces Brexit balancing act on growth and rates
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At 1200GMT the Bank of England announces
- Its interest rate decision
- The minutes from the policy meeting
- And the Quarterly Inflation Report
Governor Carney's press conference follows at 1230GMT
