Bank of England’s ‘Super Thursday’: What is the most important

The decision of the BOE is widely expected to be unchanged on rates and stimulus. All Central Bank look up to the FED as a leader to base more or less their decision based upon FED's decision. After the US Central Bank to leave rates unchanged, markets anticipate the same from the BOE.

QE program is to remain unchanged for now with already mentioned 70 bln. pounds for purchases of government bonds of 60 bln and corporate bonds of 10 bln.

The expectation for the GDP and inflation for this year remain the same but the uncertainty from the anticipated Brexit continues to dampen the investments overall and having negative impact on the market workforce which is bad for the economy. All levels of the government agree that prospects for the economy are not positive right now, even that at the moment the economy proof more resilient than expected.

Mark Carney said that he will remain at the head of the Central Bank a year more than planned to see the guide the Brexit process, which has a positive impact on the pound. The weak pound is working in favor of all the measures that the government is taking to support the economy and the corporations.

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