Global Macro Service > Research Briefings > United Kingdom

MPC tilts to the doves, but rate cut still unlikely

The MPC’s dovish shift coalesced today, with two members of the committee voting for a rate cut on the back of much weaker economic forecasts. The revised forecasts, which are similar to ours, were partly spurred by the impact of the revised Brexit deal. This echoed our view that the reworked deal will be more economically damaging than the previous version.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below