Bank of England’s Super Thursday Faces Tough Job Converting Doves: Analysis
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Until U.K.’s headline inflation starts to show a meaningful pickup, any Bank of England forecasts for faster price growth this Thursday won’t be enough to push market pricing for a rate liftoff closer to the present, Bloomberg strategist Richard Jones writes.
Manufacturing input and output prices remained in contraction in October, even as the fastest factory output growth in 16 months boosted speculation of an additional vote on the Monetary Policy Committee to raise rates as soon as this week.