INSUBCONTINENT EXCLUSIVE:
By Lucy Meakin and Harumi IchikuraBank of England policy makers will probably keep policy on hold on Thursday despite warnings that interest
rates will have to rise in the future.
All but one of the 20 analysts surveyed by Bloomberg predict a unanimous vote to keep the benchmark
United States Federal Reserve is on course to reverse its recent hiking path, provide reasons to stay their hand.
An eighth straight
unanimous decision may mask more diverging views among the MPC though
In a speech Monday, Michael Saunders indicated that he sees no need to wait until all political uncertainty around Brexit is resolved before
raising rates, while chief economist Andy Haldane said the time is nearing when a hike is needed to keep inflation pressures in check.
On
Then, Governor Mark Carney said the BOE stands ready to raise rates by more than investors are predicting if the U.K
successfully manages a smooth Brexit.
Figures this week showed a larger-than-expected slowdown in growth in April, and the National
Institute of Economic and Social Research predicts the economy is likely to contract 0.2% in the second quarter.
What Bloomberg economist