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BoE preview: Mixed data to increase uncertainty in MPC minutes
Strong growth prospects and a fast-falling jobless rate should further reinforce a more balanced decision on policy among the nine-member Monetary Policy Committee (MPC). On the other side, benign wage growth and inflation in check should offer some leeway for the central bank to keep the base rate at its record low for longer. However, given strong growth projections and expectations of investments and wages picking up gradually, thus triggering inflationary pressures in the medium term, may prompt those more hawkish MPC members to vote for the rate hike as soon as in September, after the August Inflation report. As ... (full story)