Goldman Sachs stated that since the Bank of England's Monetary Policy Committee (MPC) meeting last November, the inflation data for the service industry has been slightly stronger than the MPC's forecast, and the latest wage growth data has clearly outperformed expectations. However, economic growth has fallen below the MPC's expectations, and survey data shows a notable deterioration in hiring intentions. Given the mixed performance of the data, it continues to be expected that the Bank of England Committee will maintain interest rates at 4.75% with a voting result of 8 to 1 in Thursday's meeting, and reaffirms that it is appropriate to adopt a gradual policy easing approach based on evolving evidence.