- 9-0 votes to keep rates and QE on hold
- likely that unemployment will hit 7% threshold ” materially earlier” than forecast in Nov
- domestic recovery has taken hold
- upside risks to BO forecasts of growth of just under 1 % in Q4 2013 and Q1 2014
- inflation pressures subdued
- monetary conditions have tightened as investors price in Spring 2015 rate rise,faster tightening thereafter
- lack of rise in productivity “surprising”, suggest less slack in labour market that thought
Markets ignoring the headline and assuming higher interest rates sooner rather than later regardless given the better than expected unemployment rate
Hey ho.
GBP off to the races
Full minutes here