BoE's Weale favours immediate stimulus - FT

FT is reporting that BoE's Weale now favours immediate stimulus, via Bloomberg. The next Monetary Policy Committee announcement is due August 4.

Headlines

Martin Weale has indicated that he has changed his mind and now favors an immediate stimulus for the economy, FT reports, citing an interview.

Weale cited: "Friday's purchasing managers' indices ... were a lot worse than he had thought and showed expectations have worsened sharply
Also concerned with pre-referendum weaker data on wage growth"

"There's little that BOE can do "if we're talking about having an effect by the end of the year"