Dutch Cooperative Bank looks ahead to UK interest rate decision

The voting result for the UK interest rate resolution should be unanimous, despite some influential members of the Monetary Policy Committee expressing some tough views. In the context of low unemployment rates, hawks focus on high wage growth and ignore warnings about interest rate hikes. The downside risks brought by Brexit and trade uncertainty outweigh the upside risks brought by rising domestic price pressures. It is expected that the Bank of England will not raise interest rates this year and next year.