UK stocks are trading flat this morning ahead of the latest policy announcement from the Bank of England.
due at midday. The expectation is that the Bank of England will keep interest rates at record low levels. The current bond-buying program is also expected to remain unchanged although this may be subject to some dissent amongst policy makers.
Today is another busy day for earnings reports with Rolls-Royce, Siemens, WPP and many other big names reporting.
In the US, Richard Clarida, Federal Reserve Vice Chair, is expecting the central bank to hit its economic targets by the end of 2022 and start raising rates again in 2023. He said on Wednesday, “There are risks to any outlook, and I believe that the risks to my outlook for inflation are to the upside”.