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BOE: Market Alert to Signs of Rate Path Delay as 8-1 Vote Expected
Bank of England minutes, due to be released at 1 p.m. CET Thursday, will be under market scrutiny for any hint of delay in liftoff timing due to latest international developments, such as financial turmoil in China and emerging markets, economists say. No change in monetary policy is expected, while consensus for vote split is 8-1 with Ian McCafferty to maintain call for rate rise again. New monetary policy committee member Gertjan Vlieghe is likely to adopt a low profile at his first meeting. Here's a round-up of what economists are saying. JPMorgan Global events stemming from emerging markets have shifted risks ... (full story)
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