UPNEXT: GBP Bank of England Rate Decision and Asset Purchase Target

The MPC’s decisions on interest rates are announced on a Thursday at 12 noon. Minutes of the MPC meetings are published simultaneously with the decision.

The Bank’s monetary policy objective is to deliver price stability – low inflation – and, subject to that, to support the Government’s economic objectives including those for growth and employment. Price stability is defined by the Government’s inflation target of 2%.

 

Importance: HIGH                  Frequency of announcements: Monthly

Previous: 0.25%                       Forecast: 0.25%                              Actual: –

 

The Swiss National Bank has left interest rates unchanged

As expected, the Swiss National Bank has left interest rates unchanged. This is a major boost for both EUR/CHF and USD/CHF in the weeks ahead as the Swiss Franc is expected to weaken.

Read more