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No Rate Rise Expected Until 2019

Monday, September 04, 2017

Economists believe that the Bank of England will not be raising rates until 2019 despite inflation being above target. Many believe that the Bank of England will not react much during Brexit negotiations, in part to avoid further criticism, however the Monetary Policy Committee (MPC) is trapped between a rock and a hard place with inflation likely to rise thanks to a falling pound and growth likely to slow thanks to slowing investment and consumption surrounding Brexit uncertainty.

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