The Bank of England will announce its monetary policy decision this Thursday.
Services activity in the UK was confirmed at 39.5 in January.
This Thursday, the Bank of England is having a monetary policy meeting, and as said on a previous update, policymakers are expected to keep the current policy on-hold but also to provide updates on growth and inflation forecasts. Even further, the central bank will publish a study on the impact of negative rates on the banking sector. In general, MPC members believe that negative rates will do more harm than good, and so far refused to take that path.
Services activity in the UK was confirmed at 39.5 in January.
This Thursday, the Bank of England is having a monetary policy meeting, and as said on a previous update, policymakers are expected to keep the current policy on-hold but also to provide updates on growth and inflation forecasts. Even further, the central bank will publish a study on the impact of negative rates on the banking sector. In general, MPC members believe that negative rates will do more harm than good, and so far refused to take that path.