It’s the Doves Versus Hawks at Bank of England

Bank of England policy makers are likely to vote unanimously to leave policy alone on Thursday, but this will mask key splits between policy makers, said Bloomberg economist Dan Hanson. Comments by both Dave Ramsden and Jon Cunliffe suggest they view the vote to raise interest rates in November as premature. While the most hawkish members -- Ian McCafferty and Michael Saunders -- may argue for more tightening later next year, a sluggish pickup in wages alongside a downward trend in inflation would take the heat off the rate-setting committee to increase the key interest rate again in 2018.

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