MPC will be asking Santa for a Brexit deal

The positive news on vaccines meant that the Monetary Policy Committee (MPC) didn’t feel the need to loosen policy any further at its December meeting today. And, as long as there is a Brexit deal by 31st December 2020, we don’t think it will need to loosen policy next year either. But if there is a no deal Brexit, the MPC may find its Christmas dinner has turned into a working lunch.

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