Economics
Bank of England May Shift Tone While Keeping Policy on Hold
- Inflation set to accelerate to 2.8%, above BOE’s 2% target
- Pound’s weakness could fuel fresh concerns about price growth
AllianzGI CEO Says Carney to Explain Inflation Away
This article is for subscribers only.
The Bank of England won’t budge on policy next week, though it could present a shift in tone.
In the six weeks since the Monetary Policy Committee’s last decision, the economy has performed broadly as the bank expected and there have been tentative signs of a long-awaited pickup in wage growth. At the same time, the pound’s renewed decline could further fuel inflation concerns.