Capital Economics

The leading macroeconomic research consultancy

MPC Watch

Gives a view on the forthcoming rate setting meeting of the central bank.

Sample - UK MPC Watch - QE2 on the slipway

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Articles
MPC won’t pause for longDivisions grow on the MPCMPC losing appetite for more QEMPC just biding time until next monthMore QE to come after current purchases completedMPC to pause this month, but more QE aheadUK MPC Watch - QE2 on the slipwayEdging towards more QERisk of rate rise now pretty lowDiscussion turning to QE2
Threat of rate rise recedingSluggish recovery eases pressure to hikeStill not obvious that rate rise is neededUncertainty to keep MPC on holdUncertainty makes February rate rise unlikelyMPC to hold its nerve as inflation risesTest article 17122010No change imminentNot quite ready to do more QE yetMPC edging towards more QE
MPC stays sanguine on inflationStronger data unlikely to prompt rate hikeDivisions emerge, but near-term hike unlikelyRise in inflation fails to rattle MPCFiscal uncertainty to keep MPC on holdMPC to hold fire while inflation remains highMPC leaves door open for more QEMPC to pause, for nowMPC still in wait and see modeMPC mulls alternatives to more QE
Another £50bn of fireworksMPC to wait for Inflation Report before doing moreNo action this month – but MPC may not be doneInflation Report to show more QE neededAnother £25bn on its way soon?MPC to pause now that more QE is in trainQE to be extended, but not yetNo reason to alter the course of QE yetMPC to embark on quantitative easingFramework for quantitative easing in place
Another step closer to zeroRates to end this year equal to their all-time lowA 75bps cut the next step to 1% ratesRates heading towards 3.5%Next rate cut edges closerBesley unlikely to muster a majority for a hikeMPC unable to prevent recessionNear-term rate cuts off the agendaA brief pauseThe next step towards 3.5%
MPC willing to tolerate a sharp slowdownMPC to tread carefullyAnother nail-biterIt's close, but MPC to hold off a little longerSolid growth to keep MPC on holdCredit crunch vs. inflation concernsStill a good case for one last hike.MPC To Pause, But Not For Long.Balance to tip in favour of rate hikeWhy wait?
May hike won't be the lastMPC still emphasising upside inflation risksThe way is clear for another hikeAnother shock possibleStrong data keep hawks in the majorityCommittee still has a hawkish biasForecast change: Interest rates to reach 5.25% in FebruaryAnother precautionary hike (probably) on its wayMPC on red alert for second-round effectsLittle urgency for an early rate hike
MPC not ready to raise rates yetWalton likely to remain out on a limbRisks of second-round effects stay MPC's handMPC remains in state of inertiaSummer rate cuts still in prospectCloser than it looks.