The Bank of England is likely to revise higher its inflation outlook for the year, though Governor Mark Carney is bound to talk down expectations for a rate increase anytime soon, analysts say ahead of this week’s monetary-policy review.
What is likely to capture the market’s imagination is whether more than one person among those voting calls for a rate increase, they say. The BOE is scheduled to announce its policy decision at 12 p.m. in London on Thursday, followed by a press conference by Governor Mark Carney 30 minutes later. The central bank will leave its benchmark rate unchanged at 0.25 percent, according to all 55 economists in a Bloomberg survey.
The BOE will also release its Quarterly Inflation Report, where it will raise its 2017 inflation forecasts and lower its economists growth projections, according to analysts.
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