What to Expect From Thursday’s BoE Meeting

September 13, 2017 Share Print 0

The Bank of England is expected to hold interest rates steady and make no changes to its asset purchasing program when it gathers Thursday for its September Monetary Policy Committee meeting.The central bank is set to keep interest rates at a record low of 0.25 percent and maintain its quantitative easing (QE) program at a rate of £435 billion ($573 billion), despite inflation remaining at persistently high levels.The fall in sterling following the U.K.’s vote to leave the European Union has pushed up the cost of imports, making goods more expensive for British consumers. This has resulted in higher inflation, which hit 2.9 percent in August, well above the Bank of England’s target of 2 percent.

Source: Bank of England’s September policy meeting: What to expect – CNBC

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.