The Bank of England (BoE) Monetary Policy Committee (MPC) will announce the latest policy decision on Thursday, August 3rd. The BoE will also release the latest Monetary Policy Report (MPR) which will contain an updated assessment of the outlook together with new forecasts for growth and inflation. - If rates are increased this will be the 14th successive rate hike. - An increase will also take rates to 15-year highs. - Consensus forecasts lean towards a 25 basis-point hike with a minority call for 50 basis points. - Ahead of the decision, markets are pricing in around 30 basis points of tightening. - This will be ... (full story)