UK: Inflation, employment and BoE to feature this week – RBC CM

UK inflation (Tue), labour market report (Wed), and BoE MPC decision and minutes (Thu) feature this week, according to the analysts at RBC Capital Markets.

Key Quotes

“We look for CPI inflation to stay 2.7%y/y in May and the unemployment rate to hold at 4.6% while the surge in the level of employment by 122k 3m/3m in the last report also forces up expectations for the employment gain this time around. For the BOE, we look for a 7-1 vote for Bank Rate to remain at 0.25%.”