Some Withdrawal Of Stimulus Likely Appropriate In 'Coming Months
British Pound/U.S. DollarFXCM
Description
⋅ BoE: Early Q3 Data Stronger Than Committee Anticipated In August Report
BoE: Some Withdrawal Of Stimulus Likely Appropriate In 'Coming Months'
BoE MPC Vote 7-2 To Keep Rates On Hold At 0.25%, 8-0 To Keep Asset Purchase Target On Hold At GBP435 Bln
BoE: All On MPC Agree Rise In Bank Rate Should Be 'Gradual' And 'Limited'
majority of MPC think a lessening of 'trade-off' evident if economy continues on current path
Recent developments reinforce belief slack to disappear more rapidly than expected
Underlying pay growth has showing signs of recovery, albeit still modest
Overall, UK weighted world GDP growth in Q2 slightly stronger than expected by MPC
bankofengland.co.uk/publications/Pages/news/2017/006.aspx Comment
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