Preview time! But first, didn't we just do a Bank of England meeting a few days ago?
They've turned into the BOJ!
But, enough with the looking back, what's expected today?
Bloomberg polling (52 analysts/economist etc. polled)
- Median (45+ of the estimates) is tipping a 25 bp cut from the current level of 0.5% to 0.25%
Reuters is similar (a lot of the respondents are the same for each poll, of course), huge majority looking for a cut of 25bp
MNI
- 20 of 21 respondents expect a cut of 25bps
In addition to the rate cut expected (from 0.5 to 0.25%) more QE is expected, though here estimates vary a lot more; those expecting more (some are not) range from 50bn GBP to 150bn
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Ryan goes into more detail in his preview, here: Bank of England preview: I've never been so conflicted over a BOE decision
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- The announcement will come at 1100GMT
- The bank will also release its quarterly update to growth and inflation forecasts at 1100GMT
- Governor Carney will be dodging question from 1130GMT at his press conference
