"(...)Overall, there is little sense in the April Minutes of any meaningful shift in the MPC's policy bias or signalling. Although the Minutes predate the extraordinarily strong rise in (self) employment in last week's data, we remain sceptical that the MPC will be as dazzled by these figures as the markets seemingly are (we do not believe that self-employment is rising at anything like a 14% annualised rate). Still, the fall in the unemployment rate below the 7% threshold opens the door to…See More
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