Bank of England Monetary Policy Committee meet Thursday, preview

Coming up later this week, on November 5, BoE

  • Policy announcement comes at 1200GMT
  • Governor Bailey speaks at 1230 (press conference)
I’ll have more upon approach, but a real quick heads up of what is likely:
  • Most analysts expect the MPC to raise the asset purchase target
  • Minimum expectations are by around an additional 100m GBP (to take the total to 845m GBP)
  • Nothing further re discussion on negative rates is likely
Coming up later this week, on November 5, BoE