UK inflation stays at 2.2% in August – but a rate cut still seems unlikely
Headline inflation may seem rosier, but August dealt ‘another headache’ for the BoE as inflationary pressures mount
Monetary Policy Committee
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Bank of England rate cut likelihood moves closer to end of the year
Predictions come ahead of tomorrow’s (9 May’s) Monetary Policy Committee meeting
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All eyes on wage growth for 2024: Investors react to split vote and ‘hawkish tone’ from the Bank of England
Markets are still expecting the Bank to strike a more dovish tone in 2024
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Bank of England holds rates at 5.25% with MPC divided
Committee voted by a majority of 6-3 for the hold
