Monitor the UK MPC Rate Statement for insights on future monetary policies and economic conditions influencing the market.
This is a key tool used by the Monetary Policy Committee (MPC) to relay information to investors regarding monetary policy. It provides the results of their votes on interest rates and other measures, along with insights into the economic conditions influencing those decisions. Most notably, it addresses the economic outlook and hints at potential outcomes for future votes. This event is classified as 'Tentative' since a statement is typically released only if there are changes to the Official Bank Rate or Asset Purchase Facility, except in extraordinary situations. If no statement is released, this event will be promptly removed from the calendar following the rate announcement. If a statement is issued, the Tentative designation will be removed.
What it Measures
N/A
Usual Effect
A more hawkish outlook than anticipated is favorable for the currency;
Source & Frequency
Bank of England (latest release) - https://www.bankofengland.co.uk/ • Released alongside the Official Bank Rate changes.
How Data is Derived
N/A
Also Known As
Interest Rate Statement
Acronym
Monetary Policy Committee (MPC)