Rolling coverage and expert reaction to the Bank of England’s monetary policy decisionWhat to watch forBusiness leaders: No rate rise this year pleaseEarlier:Fears of Chinese deflation as firms slash prices Global worries hit stock markets 11.40am BSTJust 30 minutes to go until the Bank of England announces this month’s monetary policy decision.
The real interest,though, lies in the minutes of the assembly which will be released at the same time. 11.27am BSTAnd here’s another handy chart from RBS, or showing how the City has constantly over-estimated the chance of UK interest rates rising since the crisis began.
Predicting no change in Bank Rate - amazingly tough. pic.twitter.com/PpCjnwkJAkContinue reading...
Source: theguardian.com