The Bank of England is my next policy checkpoint today. I'm watching the vote as closely as the rate.
Its September 17 policy summary and minutes are scheduled for 11:00 UTC - noon in London. The decision is still ahead of us. The current Bank Rate is 3.75%; that is the starting point, not today's result.
The detail I want beside the headline is how the nine-member committee votes. An unchanged rate can come with disagreement about the next step. The minutes explain the reasoning, so I won't treat a simple 'hold' headline as the whole message.
There's another calendar distinction: today's release is the policy summary and minutes. The next quarterly Monetary Policy Report is scheduled for November 5. I won't assume a fresh full set of quarterly forecasts arrives today.
For my crypto notebook, this is a checkpoint for the wider rates backdrop. It doesn't give me a mechanical BTC or ETH target. I'll separate what the Bank actually announces from any interpretation of the market's response.
Which part will you read first: A) the rate decision, B) the vote split, or C) the explanation of the next steps - and why?
#Macro #MonetaryPolicy
Its September 17 policy summary and minutes are scheduled for 11:00 UTC - noon in London. The decision is still ahead of us. The current Bank Rate is 3.75%; that is the starting point, not today's result.
The detail I want beside the headline is how the nine-member committee votes. An unchanged rate can come with disagreement about the next step. The minutes explain the reasoning, so I won't treat a simple 'hold' headline as the whole message.
There's another calendar distinction: today's release is the policy summary and minutes. The next quarterly Monetary Policy Report is scheduled for November 5. I won't assume a fresh full set of quarterly forecasts arrives today.
For my crypto notebook, this is a checkpoint for the wider rates backdrop. It doesn't give me a mechanical BTC or ETH target. I'll separate what the Bank actually announces from any interpretation of the market's response.
Which part will you read first: A) the rate decision, B) the vote split, or C) the explanation of the next steps - and why?
#Macro #MonetaryPolicy
