FIRST AIRED: August 3, 2017

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Transcript

00:00:01
>> The Bank of England is set to keep interest rates at a record low Thursday. Investors have been scouring for any signs of a hike, but Brexit fears and a slowing British economy are likely to stave off an increase. When Governor Mark Carney and his fellow rate setters last met in June, they only narrowly decided to keep levels the same.
00:00:22
That surprising nail biter pushed up stirling and British government bond yields. The bank rate currently sits at 0.25%. It hasn't seen an increase in a decade. With unemployment at a four decade low and inflation above the bank's target, pressure has been mounting for an about turn. But the stumbling start to divorce talks with the EU have left a Brexit cloud hanging over growth prospects, with the bank expected to cut its forecast for 2017.
00:00:52
Couple that with a surprise dip in inflation and weak wage growth, and it all adds up to a difficult balancing act for the Governor.