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Will BoE raise interest rate on September 14?

13 September 2017

Will BoE raise interest rate on September 14?Dear traders,

Bank of England is the central bank of the United Kingdom, which sets key interest rates for financial markets of the country and influences monetary policy of the Kingdom.

This Thursday, on September 14 at 11 a.m. GMT BoE meeting will be held to make decision on interest rate. Leading FreshForex analyst Catherine Main tells what to expect from this meeting:


“Bank of England is expected to keep interest rate unchanged, however, fast inflation rate is likely to be noted on the meeting. That will encourage traders to long pound. Trading signals: Buy GBP/USD, GBP/JPY and Sell EUR/GBP”


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Will BoE raise interest rate on September 14?

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Number of comments: 1
  • Elsa.greer
    • #

    BoE has to choose the lesser of two evils: to smother the already sluggish GDP growth or to put a barrier on the path of inflation. I doubt that the regulator will take decisive action.