The U-turns of the markets and the Chancellor

The rebound in the activity PMIs have caused the markets to do something of a U-turn and they are now broadly in line our view that interest rates will probably be left at 0.75% at next Thursday’s MPC meeting. The Chancellor has also been doing some U-turns of his own, which is just as well as economic growth is very unlikely to accelerate to the heady rates he said he was hoping for.

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.