Research Briefing | Sep 27, 2021

UK | MPC continues to shift in a hawkish direction

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
Back to Resource Hub

Related Services

Post

UK: Housing market on course for a soft landing

The recent sharp fall in mortgage rates and continued strong growth in wages has significantly reduced the scale of the UK's housing affordability problem. Consequently, the risk of a steep correction in house prices is much lower than it appeared a few months ago. We also expect the recent steady pickup in housing market activity to continue.

Find Out More

Post

Global Industry: Energy transition will transform mining—promise and pitfalls

We expect that demand for energy transition-related critical minerals will grow significantly in the next decades even in the absence of rapid progress required to achieve net zero.

Find Out More