-
3 Numbers: BoE minutes point to rates left on hold, UK industry, FOMC
Case for raising UK interest rates weakens after soft inflation data CBI trends survey expected to show manufacturing growth down sharply FOMC minutes to provide clues for rate rise timing By James Picerno Debates about monetary policy and the timing of the first interest rate hikes for the UK and the US will dominate today’s news cycle. The catalysts du jour: the Bank of England and the Federal Reserve Bank are scheduled to publish minutes from their recent policy meetings. Although no surprises are expected in terms of assuming that rate hikes will start no sooner than next year, today’s minutes will be closely ... (full story)