UK Macro – Have we reached the end of the rate hiking cycle?
In February, when Bank Rate was increased to 4%, the MPC sent a clear message that it felt its job was almost done. But since then activity has been firmer than expected and fiscal policy has been loosened, while data on wages and inflation have surprised on the upside, leading markets to expect that Bank Rate will move close to 5% by year-end. In this webinar we provide an update on the outlook for monetary policy, looking back on the May MPC meeting and presenting some of our recent work on labour market tightness and the outlook for wage growth.
Andrew Goodwin
Chief UK Economist
+44 (0) 20 3910 8013
Andrew Goodwin
Chief UK Economist
London, United Kingdom
Andrew Goodwin is the Chief UK Economist at Oxford Economics. He is responsible for Oxford Economics’ UK macroeconomic forecasting and analytical content. Andrew regularly comments on the UK’s economic outlook in print, online and broadcast media. Andrew has been with Oxford Economics since August 2008.
Before joining Oxford Economics, he spent three years working for Experian, where he managed the Regional Planning Service and produced UK macroeconomic forecasts from the national level down to local authorities. Before joining Experian, Andrew spent four years as a senior economist at the Confederation of British Industry (CBI).
Edward Allenby
Assistant UK Economist
Edward Allenby
Assistant UK Economist
London, United Kingdom
Edward is an Assistant Economist within the Macro and Investor Services team, having joined as a graduate in September 2022. Since joining, he has been involved in Oxford Economics’ UK macroeconomic forecasting and analytical content. Prior to joining Oxford Economics, Edward spent a summer working for Greencroft Economics as an Economic Analyst. There, he contributed to a number of energy and sustainability projects in developing countries. Edward also undertook a year-long internship at HM Treasury, where he specialised in macroeconomic labour market analysis. He holds a MSc Economics from the University of Nottingham.
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