Investors Await Bank of England's Quarterly Inflation Report

Bank of England Governor Mark Carney is likely to strike a cautiously hawkish tone during his question-and-answer session with the media later Thursday as he attempts to navigate the uncertainties of an upcoming election and the subsequent Brexit negotiations against the challenge of slowing growth and rapidly rising inflation.

Carney's statements will follow the BoE's regular interest rate decision, scheduled for noon BST, and its Quarterly Inflation Report (QIR), which will outline projections for both consumer prices and economic growth over the near term as the full impact of the country's decision to leave the European Union cements into hard data.

READ MORE: Bank of England Must Balance Slowing Growth, Faster Inflation, Brexit Risk in Interest Rate Decision

This article was written by a staff member of TheStreet.