Monetary Policy Committee decisions and reports today

February 2, 2017

The Monetary Policy Committee’s (MPC) decision on interest rates will be announced today at 12 noon. Minutes of the MPC meetings are published simultaneously with the decision. The MPC’s quarterly forecast for growth and inflation will also be published in the Inflation Report today which gives us the central bank’s latest forecasts for the UK economy.

Interest rates are expected to remain on hold at 0.25%. At the previous meeting in December the MPC was unanimous in voting to keep rates on hold.

Analysts expect interest rates to remain low for some considerable time to come.

Last night MP’s  voted by a majority of 384 to allow Government to invoke Article 50 of the Lisbon Treaty, Prime Minister Theresa May has set a deadline of 31 March this year to do this. The bill now faces further scrutiny in the Commons and the House of Lords before it can become law.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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