The Bank of England website went down over the UK rate decision today which is surely the only day of the month where it receives any traffic at all! Not ideal Mr Bailey, not ideal. Thankfully they stuck to the script – 25bps now, more likely to come as inflation risks remained skewed to the upside thanks in large to the effects of a tight labour market. Significant upgrades to GDP forecast too with positive growth this year. Our take - we think the BoE is (still) too pessimistic on growth and…
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