Today the BOE decided to leave monetary policy unchanged, which was in line with general expectations. After today’s decision the bank rate is 0.5% and the Asset purchase facility stands at £375bn. The decision was not followed by any statement. Minutes from today’s meeting will be published on August 14.
The BOE will publish a new Inflation Report on August 7 with its latest inflation and output projections. Alongside the Inflation Report the BOE will also respond to the Chancellor’s request for the use of forward guidance and thresholds.