UK | MPC continues to shift in a hawkish direction
The minutes of September’s MPC meeting were more hawkish, leading markets to price in a rate hike early next year. But we think markets are getting ahead of themselves. Most MPC members still believe high inflation will prove transitory, while growth in demand is clearly continuing to soften.
What you will learn from this report:
- The decline in the number of furloughed workers through the summer has been unexpectedly slow
- Consumer confidence fell sharply in September
- High frequency indicators
Tags:
Related Services
Post
Little by little—Manchester is closing the output gap
Greater Manchester has led the UK economy since 2008, driven by knowledge jobs, transport upgrades, and housing growth—but can prosperity reach its outer districts?
Find Out More
Post
Asia’s cities are reshaping the world
From Seoul to Delhi and Shanghai, Asia’s urban centres are rapidly overtaking global rivals as living standards soar. What will this mean for the balance of global economic power?
Find Out More
