BoE Monetary Policy Report

The Bank of England publishes a quarterly report which includes a detailed economic analysis on which the Bank's Monetary Policy Committee (MPC) bases its interest rate decisions. More importantly, the report also presents an assessment of the prospects for UK inflation over the following two years. Elevated inflation projections are generally bullish for the Pound Sterling (GBP) as they imply higher interest rates. Likewise, low inflation expectations are bearish for GBP.