The Bank of England will probably keep its key rate at a record low on Thursday, where it’s been for seven years, as the threat of a British exit from the European Union takes center stage.
These charts show how the U.K.’s economic outlook has evolved since the Monetary Policy Committee’s February meeting. The central bank will publish its March interest-rate decision at noon in London alongside the minutes of its gathering.
The good news is that global market jitters have abated and wage growth has ticked up. Yet investors also woke to the risks stemming from the EU referendum, sending the pound to the lowest since 2009 against the dollar, and Governor Mark Carney told lawmakers last month that officials have “considerable room” to ease policy if needed.
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Craig Erlam
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