We have thus reached the day of the policy meetings and interest rate decisions of the European Central Bank and the Bank of England. We find the situation at the “Old Lady” (the BOE) particularly interesting. The UK economy has been steadily slowing over recent quarters, with the annual GDP growth rate decelerating from +1.9% […]
Approximately one hour before the ECB announces its decision from Frankfurt, the “Old Lady”—the affectionate nickname for the Bank of England in the City of London—will also publish its interest rate decision for the UK, where the Bank Rate currently stands at 4.00%. Market pricing suggests a high likelihood of a 25 basis point cut […]
At 08:00 GMT this morning, the minutes of the latest meeting of the Financial Policy Committee (FPC) will be released. The FPC is the Bank of England’s body responsible for safeguarding the stability of the UK financial system. Its assessment will be particularly interesting given that the country’s macroeconomic backdrop is far from vibrant—although, to […]
