Bank of England announced its latest monetary policy decision today at 12:00 pm GMT. The consensus of the markets was in favor of the BoE keeping interest rates unchanged at 5.25% for the second consecutive time. The actual decision turned out to be in line with these expectations. Bank of England’s Monetary Policy Committee (MPC) voted […]

The Bank of England (BoE) intends to keep the interest rates at the current level of 5.25% after today’s meeting. The decision on interest rates will be announced at 12:00 PM GST time. Abstaining from hikes is the baseline scenario reflecting the cautious approach of the Federal Reserve (Fed) and the European Central Bank (ECB). […]

The Bank of England’s (BoE) Monetary Policy Committee (MPC) is meeting this week to decide the future of monetary policy and will announce its decision on Thursday, November 2. The central bank will publish the Monetary Policy Report alongside it, which offers the economic analysis and inflation projections that the MPC uses to make its […]

The US Dollar (USD) keeps churning higher this week after having a small and brief retreat on Monday. The biggest catalyst for this recovery is the bond market. Still, all eyes will be across the Atlantic on Thursday with the European Central Bank (ECB) set to issue its latest monetary policy decision, which possibly is […]

The Gross Domestic Product (GDP) report for the third quarter, to be released by the Bureau of Economic Analysis (BEA) on October 26th, is expected to show an expansion of the US economy at an annualized rate of 4.2% after the 2.1% expansion recorded in the second quarter’s GDP report. The US Dollar (USD) has […]

Ten meetings later and after an unprecedented 450 basis points increase in interest rates in less than two years, the European Central Bank (ECB) is set to keep borrowing costs steady on Thursday. The decision will be announced at 12:15 GMT, followed by ECB President Christine Lagarde’s press conference at 12:45 GMT. There will be […]