Labour market holds the key to UK interest rates, says KPMG
Commenting on the Bank of England vote to maintain the bank rate at 0.5%,Yael Selfin, economics director at KPMG, said: “Despite strong economic performance the Bank of England chose to keep interest rates unchanged today as expected. The big dilemma come Autumn will be how to reconcile conflicting signals from the labour market with strong growth and vulnerable consumers in an inflation environment that is still low.”
