Meeting minutes left the door open to further stimulus later in the year, with a ‘majority’ of members expected to support a cut in the benchmark rate.
The MPC will release its interest rate decision and meeting minutes at midday UK time today, with policymakers likely to stress the need to wait for further economic data.
Thursday’s Bank of England meeting is undoubtedly the main event in the UK this week. The interest rate announcement and statement will be released at midday
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During a grilling by MPs at yesterday’s inflation report hearings in London, Carney claimed the central bank was ‘validated’ in its decision to slash rates.