“Overall the likely timing of the first interest rate rise remains uncertain, with the first half of next year looking the most likely option,” Brettell said.
“With deflationary fears subsiding on yesterday’s CPI print – now back into positive territory at 0.1% MPC doves could be in minority sooner than expected despite the unanimous MPC vote today,” said Alex Lydall, senior trader at Foenix Partners.
“The committee has already highlighted in prior meetings that opinions differ on wage growth and productivity, and the two ‘finely balanced’ members, McCafferty and Weale, could be ‘off the fence’ in coming months and voting in favour of a hike,” he added.
