LONDON—When the BOE last published forecasts for growth and inflation in February, Gov. Mark Carney said the key interest rate would have to rise “somewhat earlier and to a somewhat great extent than we had thought.” Investors immediately looked to May 10 for liftoff, holding to that belief until mid-April, when a combination of fresh guidance from Mr. Carney and a series of very weak economic data releases changed the opinion of most BOE watchers, who now expect the key rate to remain at the crisis-era setting of 0.5%. Assuming they prove to be right, the big question is whether the BOE views a poor first quarter as...

Source: Wall Street Journal May 10, 2018 06:00 UTC