Bank of England monetary policy decision Thursday 7 May 2020

  


The BoE Monetary Policy Committee announcement will be early, due at 0600GMT

  • Following up – at 0900GMT – will be publication of the briefing with Governor Bailey

So far the BoE has:

  • cut interest rates
  • provided further quantitative easing (added 200bn GBP)
  • provided the banking sector with cheap funding
  • set up new corporate borrowing facilities
  • and also looks set to finance state spending directly (temporary measure)

This meeting will not be so dramatic. In (very) brief, what to watch for:

  • most likely hold on rates
  • there will be new forecasts issued, which may help indicate when any further stimulus timing
  • There is a chance the asset purchase programme could be added to, but its unlikely with no visible pressing need
The BoE Monetary Policy Committee announcement will be early, due at 0600GMT

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