FLASH: BoE blocked by Brexit uncertainty
- The MPC voted unanimously for no policy change in December, as widely expected.- Near-term GDP growth and inflation forecasts were both trimmed, but the extent may have been exaggerated by missing some recent news.
- Judging the appropriate policy stance was deemed to depend on the data in light of Brexit clarity. That should have occurred in time for a May-19 hike, in my view.
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