Jackie Bowie previews the Bank of England August meeting on Bloomberg Daybreak Europe
Summary
On the morning before the Bank of England (BoE) announced their first rate cut in four years, Bloomberg Daybreak Europe spoke to Jackie Bowie about what data would drive the BoE's decision — inflation and economic growth.
Bloomberg Daybreak Europe speaks with Jackie Bowie
As the markets awaited the Monetary Policy Committee's (MPC) decision for the BoE, Jackie discussed the economic factors influencing the vote. With services inflation still higher than target and new government policies on wage growth, Jackie described the MPC's decision as "the most finely balanced" we'd seen this year. You can read a summary of the BoE's decision and a forecast for the September meeting.
Bloomberg Daybreak Europe with Jackie Bowie"The Bank of England will say that they can't take into account government statements, and it won't be until it actually hits policy that you will see inflation. There are certainly concerns in the market that what the government are seeing from a fiscal perspective could be negative for inflation."
