{"id":15110,"date":"2021-09-23T08:06:42","date_gmt":"2021-09-23T08:06:42","guid":{"rendered":"https:\/\/errante.net\/?p=15110"},"modified":"2021-09-23T08:06:43","modified_gmt":"2021-09-23T08:06:43","slug":"all-eyes-on-the-uk-the-mpc-today","status":"publish","type":"post","link":"https:\/\/errante.net\/all-eyes-on-the-uk-the-mpc-today\/","title":{"rendered":"All Eyes on the UK & the MPC Today"},"content":{"rendered":"\n
It is a big day for the UK today. A slowing economic recovery from the Covid-19 crisis, sharp energy price rises, and tax hikes squeezing Brits\u2019 household incomes are likely to prompt the Bank of England\u2019s committee of rate-setters to err on the side of caution today.<\/p>\n\n\n\n
The Bank\u2019s monetary policy committee (MPC) will announce its latest decision on rates and the fate of its bond-buying programme at noon. Both are predicted to stay unchanged.<\/p>\n\n\n\n
Key for the timing of policy tightening is whether the BoE starts to doubt that these energy rises are temporary.<\/p>\n\n\n\n
A concern is if rising inflation pushes up longer-term inflation expectations among the general public, leading to firms and workers factoring above-target inflation into future pricing decisions and wage demands.<\/p>\n\n\n\n
Moreover, furlough support payments for over a million workers end this month, as does a temporary increase in other welfare payments, squeezing households at a time when inflation is pushing up the cost of essentials.<\/p>\n\n\n\n
The events today begin at 14.00 GMT+3<\/strong> and include Asset Purchase Facility, MPC Asset Purchase Facility Votes, Monetary Policy Summary, MPC Official Bank Rate Votes, & Official Bank Rate.<\/strong><\/p>\n\n\n\n Have your trading charts open to GBP currency pairs <\/strong>today for an opportunity to trade.<\/p>\n\n\n\n If you have any questions, please email our Education Centre<\/a>.<\/p>\n\n\n\n If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.net<\/a>.<\/p>\n\n\n\n We are Errante. Trading made personal<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" All Eyes on the UK & the MPC Today It is a big day for the UK today. A slowing economic recovery from the Covid-19 crisis, sharp energy price rises, and tax hikes squeezing Brits\u2019 household incomes are likely to prompt the Bank of England\u2019s committee of rate-setters to err on the side of caution […]<\/p>\n","protected":false},"author":6,"featured_media":15132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[437,9],"tags":[],"yoast_head":"\n