Bank of England faces conundrum from contradictory data

Bank of England governor Mark Carney
Mark Carney

The Bank of England's (BoE) monetary policy committee (MPC) voted to hold policy steady at its meeting this week, but the committee is grappling with sometimes contradictory signals from the data.

At its first meeting under a new format, which saw inflation report, minutes and statement all published simultaneously today (August 6), the BoE highlighted divergent signals. Rising wages and productivity indicate strength, while employment disappoints and inflation is stuck low.

The MPC tended to su

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: