The message from the Bank of England was clear. As clear as mud, that is. The economy is a mystery to the best brains of Threadneedle Street, scratching their heads at figures showing unemployment and earnings growth are both heading south at a rapid pace. This really shouldn't be happening as far as the Bank is concerned, which is why its quarterly inflation report was riddled with uncertainty. The Bank's monetary policy committee is at odds about how much spare capacity remains after the Great Recession. Policymakers are unsure what is happening to the housing market. Some of them think wage growth is about to pick ... (full story)