BOE Sees Inflation rate At 2.7% in 1Q 2018, 2.6% in 1Q 2019, 2.4% in 1Q 2020, Little Changed

Market news

2 February 2017

BOE Sees Inflation rate At 2.7% in 1Q 2018, 2.6% in 1Q 2019, 2.4% in 1Q 2020, Little Changed

Increased Labor Slack Weakens Inflationary Pressures
Stronger Growth Due to Fiscal Stimulus, Improved Global Outlook
0 Voted to Increase Rate
9 Voted to Keep Rate Unchanged
Cuts Estimate Of Sustainable Unemployment Rate to 4.5% Vs 5%
2018 Growth Forecast to 1.6% Vs 1.5%; 2019 Forecast to 1.7% Vs 1.6%
Could Cut Key Rate If Consumer Spending Weaker Than Expected
Could Raise Key Rate If Wages Growth Faster Than Expected
Monetary Policy Can Move In Either Direction

Bank of England MPC voted unanimously to maintain interest rate at 0.25%

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