Economics
These Charts Show Why the Bank of England Is Stuck
- The strong pound and labor-market slack support no change
- But wage pressures are building and the world's less scary
Will Carney Light the Fuse for a BOE February Liftoff?
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For the Bank of England, inflation is everything. Except for all the other things.
The nine-member Monetary Policy Committee, led by Governor Mark Carney, will vote on interest rates on Wednesday and announce their decision on Thursday alongside new forecasts. While the panel will probably keep the key rate at 0.5 percent, some economists say at least one official will join Ian McCafferty in calling for an increase.