What to Watch as Carney Kicks Off Defense Against Brexit Fallout
- Most economists predict reduction in key rate to 0.25%
- Other options include QE, corporate bond buying, FLS extension
BOE Will Easily Guide Pound Lower, Says Rosenstreich
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It’s the most hotly anticipated Bank of England decision since, well, three weeks ago.
Back then officials surprised investors by keeping rates unchanged and signaled they’d instead loosen this month. All will be revealed on Thursday at noon, when Governor Mark Carney and the Monetary Policy Committee publish their first full assessment of what the Brexit vote means for the economy and their defensive plan. Almost all economists in a Bloomberg survey say the benchmark rate will be reduced to a record low and most predict other measures as well.