Unemployment threshold would have its problems

With Mark Carney having already primed expectations at July’s MPC meeting, we still expect the MPC to embark on full-blown forward guidance at its meeting next month. An unemployment threshold is perhaps most likely, but the drawbacks to using this measure should not be overlooked.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.