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BoE Vote Split Nets To ‘Dovish Hold’
"Gradual." That's still the "appropriate" way to approach the "removal of policy restraint."
So said the Bank of England on Thursday, when policymakers voted 6-3 to keep Bank rate on hold. All three dissents wanted a third cut.
The macro outlook's uncertain in the UK, which puts the country in good company: The macro outlook's uncertain everywhere, including and especially in the US.
As a quick reminder, 12-month CPI in the UK rebounded to 2.6% in November from a low of 1.7% in September, cor
