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
Why the real yield on private wealth will keep falling globally
Despite the importance of returns on private wealth for long-term investors – be they households, asset managers, or pension funds – the fact that real yields have been on a downward trend across the world for decades seems to have escaped attention.
Find Out More
Post
Growth outlook determines the fate of fiscal consolidation in APAC
We expect fiscal consolidation to generally continue in Asia, except in mainland China and Taiwan. In those economies, we anticipate looser fiscal policy this year and very slow normalisation next year.
Find Out More