With Carney due to leave the BOE on Jan. 31, 2020, next year’s first interest-rate decision and Inflation Report will be on Jan. 30, according to a provisional BOE calendar. That’s despite the initial presentation of the updated forecasts taking place in February ever since the bank was granted operational independence in 1997. Mark Carney will take some of the pressure off the next Bank of England governor by keeping the spotlight on himself. The schedule means the Canadian has nine interest-rate decisions ahead of him and five Inflation Reports, starting with the next one on Feb. 7. The unusual plan could also have implications for investors, given that interest-rate shifts often — though not always — come alongside Inflation Reports because of the economic justification the projections can provide.

Source: thestar January 09, 2019 00:44 UTC