Economists are expecting the first official pressure for a rise in
The consensus is that rates will not rise until early 2015, but polling by Reuters last week found that economists expect a first voice or two on the nine-strong MPC to call for a rate rise this week.
"We expect the jobless rate will continue to fall rapidly, with the Bank hiking earlier and further than markets project," said
The MPC's voting pattern will only become public when minutes are released two weeks after the meeting. The US Federal Reserve has just registered its first dissenter, with the hawkish
The MPC meeting comes as separate surveys illustrate how, even with the economy performing strongly again, not all elements are functioning evenly.
Bank lending to the private sector still lags far behind the G7 average, despite government efforts to boost the availability of credit, according to a new study by the accountants
Private sector credit volumes are down by 2.2% in real terms in the past year, while average lending across the G7 economies has increased by 0.1% in real terms.
A business confidence index produced by the
The economy is expected to expand by 0.9.% in the third quarter, but the pace of growth may slow down in the final quarter of this year.
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