Beyond the Headlines | 16 Jun 2023

UK monetary policy

Andrew Goodwin

Chief UK Economist

Our latest videos for asset managers

The Bank of England is arguably the central bank that faces the biggest policy headache right now.

In this week’s beyond the headlines, Andrew Goodwin, Chief UK Economist, examines the potential for further rate hikes and what it means for our forecasts, ahead of next week’s MPC Meeting.

Click here to check out previous Beyond the Headlines episodes.


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Weak economic growth over the past decade didn’t slow a stellar market – especially equity returns. But current economic realities – from US monetary tightening to China’s broken growth model – are likely to complicate results in the medium-term future.

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Innes McFee
Innes McFee

Managing Director of Macro and Investor Services

+44 (0) 203 910 8028

Innes McFee

Innes McFee

Managing Director of Macro and Investor Services

London, United Kingdom

Innes McFee is the Managing Director of Macro and Investor Services, based in London. Innes oversees the activities of the Macro & Investor Services teams globally, including the Global Macro Forecast and Global Macro Service.

Innes joined Oxford Economics in 2017 after 6 years at Lloyds Banking Group as a Senior Economist. At Lloyds Innes was responsible for the economic scenarios underpinning the Group’s internal planning and stress testing; analysis of key risks; and developing Lloyds’ approach to multiple economic scenarios for IFRS9. In addition, Innes’ role included developing the Group’s capability in modelling macroeconomic fundamentals and UK banking markets and advising the Group Corporate Treasury on financial market developments.

Prior to joining Lloyds Innes was an Economic Advisor at HM Treasury where his roles included management of the UK’s foreign currency reserves; US economist; and G20 macroeconomic policy advisor. Innes has a first class undergraduate degree in Economics from the University of Durham and a MSc in Economics from Warwick University.

Javier Corominas

Director of Global Macro Strategy

+44 (0) 203 910 8115

Javier Corominas

Director of Global Macro Strategy

London, United Kingdom

Javier Corominas is Director of Global Macro Strategy at Oxford Economics. He is co-responsible for global strategic asset allocation as well the tactical calls across all asset classes. Additionally, he has a significant focus on providing thematic macro strategy research to generate actionable investment advice for asset allocators, portfolio managers and corporate Treasurers.

Javier is a senior macro and multi-asset investment strategist with over 16 years’ experience in active portfolio management as well as in independent macro research.

He has a background in macro-economic modelling and forecasting, portfolio optimization and risk budgeting, asset allocation (SAA and TAA), relative value models and global thematic investment research. This is coupled with a demonstrable track record in drawing conclusions for key asset markets, and developing profitable trade and investment strategies in FX, rates and the liquid asset classes.

Prior to re-joining Oxford Economics, he was a Director and Head of Research at Record Currency Management, one of the largest institutional currency managers in the world, with pension funds, insurance companies, family offices and private equity houses as clients globally.

Javier is regular commentator on currency, fixed income and broader global macro themes in the financial media/press and a regular speaker and presenter at global investment conferences and fora.

Javier holds both a First-Class Degree and an M. Phil in Economics from Cambridge University. He has a keen interest in world history and all manner of racquet sports, and is also fluent in Spanish and French.

Conor Nevin

Director, Business Development

+1 917 746 9627

Conor Nevin

Director, Business Development

Dublin, Ireland

Conor Nevin is a Senior Director and Head of Asset Management Sales in the US East Coast, and UK & Ireland territories.

Prior to joining Oxford Economics in 2019, Conor worked at another leading provider of macroeconomic research, Capital Economics, where he managed the North American Sales Teams for five years. Conor’s experience before entering the world of economic research is in financial services, providing investment and financial planning advice to clients in Ireland.

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).

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