Bank of England left with tough choice after week of fresh data

City AM

Bank of England left with tough choice after week of fresh data

It was another busy week for observers of the UK economy with a fresh batch of data released giving policymakers at the Bank of England plenty to think about. Like a gambler holding 15 on a blackjack table, Threadneedle Street’s next move on interest rates is a gamble either way: cut too fast and risk letting inflation bed in – cut too slowly and strange the economy’s rebound from recession. But what happened? Stubborn wage growth of around si…