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Thursday sees the Bank of England come back into focus, with yet another Super Thursday on the cards. The release of minutes, and the inflation report alongside the usual rate decision means we are likely to see some volatility even if rates and quantitative easing remain steady as is expected.
Of all the elements, it is the inflation report which will likely garner the most attention, given the release of growth and inflation forecasts which will shape the Monetary Policy Committee’s outlook going forward. As we can see below, the economic picture in terms of growth and jobs is relatively encouraging, especially given that as yet we have seen no negative impact to either as a result of the referendum result.