BoE Meeting Preview: Interest rates expected to remain unchanged as economy weakens

Share:

• The Bank of England will announce its decision on monetary policy on Thursday. 
• The BoE is likely to keep the benchmark rate unchanged for a second consecutive meeting at 5.25%.
• The United States Federal Reserve left rates unchanged at 5.5%, offering relief to markets.
• Pound Sterling trades in a well-limited range against the US Dollar. 

The Bank of England’s (BoE) Monetary Policy Committee (MPC) is meeting this week to decide the future of monetary policy and will announce its decision on Thursday, November 2. The central bank will publish the Monetary Policy Report alongside it, which offers the economic analysis and inflation projections that the MPC uses to make its interest rate decisions.