February BoE MPC Preview: The second turn of the screw

From econoday.com

For a second month in a row, the BoE MPC surprised financial markets with its policy decision in December. Having failed to deliver the widely anticipated tightening in November when an updated Monetary Policy Report (MPR) was hot off the press, the central bank unexpectedly voted 8-1 to raise Bank Rate at its year-end meeting despite the absence of new economic forecasts and only limited fresh data. Both outcomes have left investors somewhat cautious about this week’s decision. However, with inflation still climbing, economic growth picking up and the labour market robust, a 25 basis point hike to 0.50 percent ... (full story)