The Bank of England's Monetary Policy Committee meet on Thursday May 2 this week.
At the March meeting the bank left its benchmark rate unchanged at this is the expected again on Thursday - no change.
At that meeting the Bank maintained its gentle bias to tightening. Which of course is dependent on a smooth exit from the EU for the UK. Which is in the realm of the uncertain for now with the extension period out as long at the end of October although it would seem the UK government is keen to bail out well before than.
Anyway, back to the BoE.
Since March developments for the economy have been better than anticipated. But not enough for the Bank to budge on rates given Brexit uncertainty. So, no change, and the Bank to reiterate its forecasts are contingent upon developments in the economy and on the Brexit front.
At least Carnexit is certain.
