Economics

Bank of England Rate Vote on Knife Edge Because of a Jobs Market Dilemma

Absence of official data means ratesetters vote blind
Evidence of labor shortages adds to case for a rate increase

WATCH: The BOE will decide Thursday on whether it will raise interest rates for the first time since the start of the pandemic. Bloomberg’s Lizzie Burden has a preview.Source: Bloomberg

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By Philip Aldrick

November 3, 2021 at 5:34 PM UTC

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By its own admission, the Bank of England went into this week’s rate-setting meeting blind.