Bank of England Inflation Report
Event Date: Monday, May 20, 2019
Event Time: 09:30 CET
Updated Monday, May 20, 2019
During these hearings, the BOE Governor and several MPC members testify on inflation and the economic outlook before Parliament's Treasury Committee. The odds of the BOE hiking interest rates anytime soon have diminished as Brexit has become more difficult and the political scene in the UK has shuffled up. Brexit is driving the GBP now, but it will still be interesting to hear what Carney has to say. Please follow us for live coverage of this event by experienced market analysts.
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About Bank of England Inflation Report
Inflation is one of the main mandates of the Bank of England (BOE). The combination of the CPI (Consumer Price Index) report delivered by the Office of National Statistics and the inflation report delivered by the BOE are very important for the currency. The BOE inflation report contains the BOE projections for inflation and economic growth for the upcoming two years. This report is released quarterly and provides the BOE’s detailed economic analysis. The Bank of England bases its interest rate decisions on the inflation and economic projections. Therefore, a hawkish inflation report is positive for the GBP.