And Carney's press conference due thereafter at 1230 GMT
In my view, this is expected to be a non-event despite the BOE set to slash growth and inflation forecasts via its quarterly inflation report. That could see a more dovish take on the domestic economy and global outlook but really there shouldn't be much in there to take away from the expectation that the central bank is aiming to proceed with a 'one-and-done' rate move later this year.
With Brexit developments still blurry, the central bank has to stick with adopting the current 'wait-and-see' approach until there is more clarity in the coming weeks. The BOE will likely reiterate that its base case scenario remains for a "smooth" Brexit so that will reaffirm their 'one-and-done' presumption.
The pound could be taken a peg or two lower on a more dovish take but in reality, whatever forecasts/outlook the BOE has right now will matter little as Brexit developments will eventually drive their decisions down the road.
For more previews, you can refer to Eamonn's posts here:
