Data Gold 10, 19 September, despite the release of a series of weak economic data in the UK last week, JPMorgan believes that the Central Bank of England seems unlikely to cut interest rates again at Thursday's meeting. Although the recent slowing of wage growth has increased the credibility of the Bank of England's assessment of the wage-price cycle, the labor market still remains tight overall. The GDP data for July released last week was weaker than expected, but this does not indicate a new trend. Other indicators of economic activity, such as the PMI, indicate that the UK economy remains firmly in an expansionary state. Therefore, the Bank of England may be more willing to wait until the November meeting to assess whether it is necessary to further relax monetary policy. In the process, it may also take into account the potential impact of the upcoming UK budget and the results of the US elections on the macroeconomic outlook. In addition, the Bank of England is expected to expand the QE program to £120 billion.
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摩根大通：经济遇冷不会导致英国Bank Sentral今日降息
Data Gold 10, 19 September, despite the release of a series of weak economic data in the UK last week, JPMorgan believes that the Central Bank of England seems unlikely to cut interest rates again at Thursday's meeting. Although the recent slowing of wage growth has increased the credibility of the Bank of England's assessment of the wage-price cycle, the labor market still remains tight overall. The GDP data for July released last week was weaker than expected, but this does not indicate a new trend. Other indicators of economic activity, such as the PMI, indicate that the UK economy remains firmly in an expansionary state. Therefore, the Bank of England may be more willing to wait until the November meeting to assess whether it is necessary to further relax monetary policy. In the process, it may also take into account the potential impact of the upcoming UK budget and the results of the US elections on the macroeconomic outlook. In addition, the Bank of England is expected to expand the QE program to £120 billion.