Following the Bank of England’s decision to stick to its all-time low interest rate for the 59th month in a row, all eyes are now on the Bank of England’s Quarterly Inflation Report on Wednesday – which looks set to be much more eventful.
Governor Mark Carney is expected to unveil adjustments to his controversial “forward guidance” policy, which tied the bank rate to the country’s unemployment rates, after a sharp fall in jobless numbers took the U.K.’s central bank somewhat by surprise – and led some to question its integrity.
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