BoE Carney Expected to Modify Forward Guidance Tomorrow

February 11, 2014 Share Print 0

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.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.