Markets are not expecting BOE Chief to shed any light on the monetary policy outlook, as he nay make some comments on financial system risks and possibly macroprudential policies, in light of the FSR. However, Carney could highlight the risks to the UK and global economic outlook amid ongoing trade war and falling inflationary pressures. The BOE rate-setting Monetary Policy Committee decided to hold the Bank rate unchanged at 0.75% in June. In its forward guidance, the MPC mentioned, “downside risks to growth have increased” both in the UK and in the rest of the world.
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