If not March, then April: Bank of England Post-Meeting Comment | Metals Mine

  • If not March, then April: Bank of England Post-Meeting Comment

    From media.rabobank.com Story is in PDF Format

    As expected, the Bank of England’s Monetary Policy Committee (MPC) voted to keep the Bank Rate unchanged at 3.75%. The vote was notably dovish, with a 5-4 split: the usual doves, Dhingra and Taylor, were joined by Ramsden and Breeden in calling for a 25bp cut to 3.50%. This wasn’t expected. The central bank expects inflation to be around the 2% target from April, supported by measures announced in the Autumn Budget. In weighing the risks of persistent inflation against signs of increasing labour market slack, the MPC noted that the threat of more persistent inflation has continued to diminish, while downside ... (full story)

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