UK Queen Elizabeth II Memorial... BOE Meeting and EPL Schedule Postponed

[Photo by AFP Yonhap News]

[Asia Economy Reporter Park Byung-hee] Following the death of Queen Elizabeth II of the United Kingdom on the 8th (local time), the Bank of England (BOE), the central bank, postponed its decision on raising the base interest rate.

The BOE announced that it will delay the monetary policy meeting scheduled for the 15th to the 22nd, a one-week postponement.

The UK government declared a mourning period lasting until one week after the funeral due to the Queen's passing. Since the 15th falls within the mourning period, the BOE appears to have postponed the meeting accordingly.

The current base interest rate in the UK is 1.75%, and it is expected that the rate will be raised by either 0.5 percentage points or 0.75 percentage points at this meeting.

The schedule of the professional soccer league favored by the British people was also postponed.

The English Premier League (EPL) office announced on the 9th that the Premier League matches scheduled from the 10th to the 12th will be postponed to mourn the Queen.

Accordingly, the match between Tottenham, Son Heung-min's team, and Manchester City, which was scheduled to take place at 1:30 AM on the 11th Korean time, was also postponed.

Public sector workers in the UK, who had been striking demanding wage increases, have stopped their strike.

The postal and railway unions announced that they will temporarily suspend the ongoing strike due to the Queen's death.

This content was produced with the assistance of AI translation services.