BOE Gambles, Stands Pat In ‘Knife-Edge’ Call

BOE Gambles, Stands Pat In ‘Knife-Edge’ Call

It was billed as "knife-edge" call, but the BoE kept rates on hold Thursday, disappointing those who bet policymakers would heed the purported warning from underwhelming inflation data and lackluster retail sales (for example) in weighing whether to move at Mark Carney’s final meeting. The market had it at a coin flip headed in. The vote was 7-2. Sterling jumped, but depending on how things evolve over the next few hours (and once everyone remembers that negotiating a trade deal with Brusse
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