No policy changes from the Bank of England, in line with expectations.
- As widely expected no changes from the Bank of England
- No statement and no reason for markets to react
- MPC minutes will be published on Wednesday 20 August
- Focus now is on the BoE:s inflation report that will be published on 13 August
Details, August 2014
Bank rate: 0.50% (Nordea 0.50%; consensus 0.50%; prior 0.50%)
Asset Purchase Programme: GBP 375bn (Nordea 375bn, consensus 375bn, prior 375bn)