The Bank of England’s (BoE) rate decision on Thursday marks the start of a key week in the tenure of new governor Mark Carney with some analysts expecting “radical changes.”
The U.K.’s central bank is expected to keep its main interest rate at 0.5 percent on Thursday, according to a Reuters poll, and only one investment bank – Investec – believes it will add to its current £375 billion ($574 billion) quantitative easing (QE) program.
But analysts are not taking anything for granted. At its last rate decision on July 4, the BoE, nicknamed the Old Lady of Threadneedle Street, released a surprise statement about future policy on what was Mark Carney’s fourth day at the helm.
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