[ad_1]
Bank of England in the city of London. Photography: Ben Stansall / AFP / Getty Images
Hello and welcome to our slippery coverage of the global economy, financial markets, the eurozone and businesses.
While Britain is on the brink of Brexit chaos, the Bank of England will present today its latest review of the British economy.
With a disruptive exit without potentially trading in eight (!) Days, the Bank is certain to leave interest rates unchanged at 0.75% at this week's policy meeting. The BoE will also stay out of the stimulus and leave its quantitative easing program unchanged.
On the contrary, the way the bank looks at the UK economy will be of real interest. Are its agents more concerned about the state of planning in the absence of a transaction? Does he believe that problems are being created in the money markets? Is the city really ready for disruption of a messy Brexit?
We will find out at noon when the Bank publishes the decision and the minutes of this week's Monetary Policy Committee meeting.
We could also have an idea of when the Bank will raise interest rates, now that wages (+ 3.4%) are rising faster than inflation (1.9%).
Previously, the Office for National Statistics will release its retail sales and government finance figures for February.
Economists predict that retail sales declined 0.4% in February as consumers reduced after January sales. A weak reading would fuel concerns that Brexit is hurting the economy.
Public finances should show that Britain borrowed about £ 600 million to balance its books in February (January was much better, with exceptional tax revenues generating a surplus of nearly £ 15 billion).
City traders will also be watching Brussels as the prime minister tries to persuade European leaders to give him more time to get his business through parliament. The mood in Westminster is even more feverish after last night, Theresa May went on television to blame MPs for not supporting the withdrawal agreement.
Chris Bryant
(@RhonddaBryant)One of the added curiosities of the Prime Minister's speech is that since there are more Conservative MPs than any other party, the Conservative Prime Minister has openly attacked the Conservative Party. pic.twitter.com/9XQCalwVpr
In terms of business, the retailer Next, the fashion chain Ted Baker and the game computer game salesman Digital publish results.
L & # 39; s calendar
- 8.30 GMT: Swiss National Bank decision on interest rates
- 9.30 GMT: British public finances for February
- 9.30 GMT: British retail sales for February
- 12:00 GMT: Bank of England interest rate decision
[ad_2]
Source link
