BOE Rates Expected to Stay on Hold But Will It Be a Unanimous Vote?

The transcript discusses the expected revisions in growth and inflation forecasts by the Bank of England, highlighting the potential for a rate cut vote amidst political uncertainty. Economists anticipate a unanimous decision to hold rates, but dovish speeches from MPC members suggest a rate cut could be considered. The UK economy faces stagnation, with cracks in the labor market, prompting the Bank to possibly revise forecasts. The impact of Brexit is also considered, with rate cuts deemed necessary even in a smooth scenario.

What are the implications of the labor market conditions described in the text?

What did Michael Sanders suggest regarding rate cuts in a Brexit scenario?