Bank of England: Most labour market data do not show that the employment gap is opening quickly. The data on the continuation of inflation is generally encouraging, but there are still risks in both directions. Judging further easing policies will become more cautious. The risk of continued inflation is “less obvious.”

Bank of England: Most labour market data do not show that the employment gap is opening quickly. The data on the continuation of inflation is generally encouraging, but there are still risks in both directions. Judging further easing policies will become more cautious. The risk of continued inflation is “less obvious.”