Gold Ten data on December 19th, Goldman Sachs said that since the Bank of England's Monetary Policy Committee (MPC) meeting in November last year, the service industry inflation data has been slightly stronger than MPC's forecast, while the latest wage increase data is significantly stronger than expected. However, the economic growth is lower than MPC's expectations, and survey data shows a significant deterioration in recruitment intentions. In view of the mixed performance of the data, we continue to expect that the Bank of England's committee will maintain the interest rate at 4.75% with a vote of 8 to 1 at the meeting on Thursday, and reiterate that the bank believes it is appropriate to take gradual policy easing measures based on evolving evidence.
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Goldman Sachs: la Banque d'Angleterre devrait maintenir le Taux d'intérêt avec un vote de 8 contre 1, selon les prévisions
Gold Ten data on December 19th, Goldman Sachs said that since the Bank of England's Monetary Policy Committee (MPC) meeting in November last year, the service industry inflation data has been slightly stronger than MPC's forecast, while the latest wage increase data is significantly stronger than expected. However, the economic growth is lower than MPC's expectations, and survey data shows a significant deterioration in recruitment intentions. In view of the mixed performance of the data, we continue to expect that the Bank of England's committee will maintain the interest rate at 4.75% with a vote of 8 to 1 at the meeting on Thursday, and reiterate that the bank believes it is appropriate to take gradual policy easing measures based on evolving evidence.