The Bank of England didn't change interest rates this week but did change its tone. Markets were quick to write off a near-term rate hike but our Developed Markets Economist James Smith thinks that could be a mistake.
Why markets are misguided on UK rates
Have investors misread the Bank of England? Policymakers left interest rates on hold this week and markets have completely priced out the odds for a rate hike this year. Are they wrong? Our Developed Markets Economist James Smith takes a look.