A delicate rate balancing act for the BoE

Solid economic growth and a heated property market mean the Bank of England is under mounting pressure to raise interest rates. But several factors are complicating matters.

The Bank of England left rates and its stimulus program unchanged at its July meeting, but that doesn’t mean that it doesn’t have a lot to think about over the next six months. The UK is growing at a solid pace and with the labour market improving more rapidly than expected, there is mounting pressure on the BoE to raise rates sooner rather than later.

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