Bank of England in focus

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The Day So Far…

‘Super Thursday’ has arrived but I can’t help but feel today’s release will do little to change market thinking on the Bank of England’s timing on policy changes. The combination of inflation levelling off through the February/March period, a weak start to first quarter growth, rising pressures on household incomes, and the political uncertainty heading into the crux of Brexit talks with Europe, should all be enough to see the MPC stand pat on policy and keep a fairly neutral line of communication.