The Bank of England announced that its monetary policy meeting, whose decision was to be published Thursday in the midst of soaring inflation in the United Kingdom, would be postponed by a week, in response to the death of Queen Elizabeth II.
Due to the period of national mourning in the UK, the September meeting of the Monetary Policy Committee has been postponed for a week. The decision will be announced on September 22 noon, said a statement from the Bank on Friday.
The national mourning, announced by the British government, must last until the funeral, scheduled in ten days.
In the aftermath of the death of Elizabeth II, sporting and cultural events were cancelled, department stores decided to keep their doors closed, and railway and postal workers suspended their planned strikes in the face of the cost of living crisis.
The TUC trade union federation, which was to hold its annual conference from Sunday for four days in Brighton, in the south of England, under the sign of the crisis in the cost of living, has however postponed it to a date not yet determined.
The Bank of England is also expected on this subject: engaged since the end of 2021 in a rise in its interest rates, it is struggling for the moment to stem British inflation, the highest of the G7 countries more than 10% .
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The new Prime Minister Liz Truss announced on Thursday a massive aid plan for British households and businesses in the face of soaring energy costs, which will notably result in a cap on bills of 2,500 pounds per year for an average household. .