Introduces topic of BOE vote split and surprise
Speaker1
Vania Stavrakeva
Data points clearly in direction of falling inflation; framing from supply/demand shocks perspective
Focuses on BOE lowering inflation forecast for next 3 years and positive growth data that could have supported more cheerful outlook
Speaker1
Vania Stavrakeva
Biggest surprise was shift in BOE tone from balanced risks to broader concern about economic weakness
Vania Stavrakeva
BOE not paying as much attention to wage growth data that's still above target