Radical Changes Expected at Bank of England

The Bank of England’s (BoE) rate decision on Thursday marks the start of a key week in the tenure of new governor Mark Carney with some analysts expecting “radical changes.”
The U.K.’s central bank is expected to keep its main interest rate at 0.5 percent on Thursday, according to a Reuters poll, and only one investment bank – Investec – believes it will add to its current £375 billion ($574 billion) quantitative easing (QE) program.
But analysts are not taking anything for granted. At its last rate decision on July 4, the BoE, nicknamed the Old Lady of Threadneedle Street, released a surprise statement about future policy on what was Mark Carney’s fourth day at the helm.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.