π¬π§ UK growth is contracting while inflation refuses to fall, and the BoE is walking into a split vote
The week in view
π¬π§ UK growth is contracting while inflation refuses to fall, and the BoE is walking into a split vote
UK GDP contracted 0.1% in April while inflation held at 2.8%, well above the Bank of England's 2.0% target, a mix that points toward a split vote at the July 30 Monetary Policy Committee meeting.