MPC Rate Statement (GBP) – 05/03

 

What is it? It checks the interest rate at which the BOE lends to financial institutions overnight.

It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

When? March 5th - Tentative.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.

 

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