Bank of England Decision on the Interest Rate. UK, 14:00 (GMT+2)

Bank of England Decision on the Interest Rate. UK, 14:00 (GMT+2)

At 14:00 (GMT+2), the Bank of England decision on the interest rate will be announced, and then a press conference will be held. It is expected that the key rate will remain at the same level of 0.75%, which it has been holding since August 2018. The follow-up statement and the press conference, which may contain hints of further actions of the regulator, are of more interest for the investors. At the previous meeting of the Bank of England, it was noted that the regulator, if necessary, can lower interest rates in order to support the growth of the British economy and ensure a steady return of inflation to the target level of 2%. However, at the current meeting, the tone of statements by officials may change, since the UK is close to resolving the situation with Brexit.

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