How will the Bank of England play its March rate decision following recent turmoil in the US and European banking sectors?
Paul Dales, Ruth Gregory and Ashley Webb held an online briefing for clients shortly after the MPC announcement. During this 20-minute session, the UK team answered client questions as they addressed key issues, including:
- How recent bank turmoil has affected the BoE’s policy-setting strategy;
- The factors that could influence the Bank to raise rates beyond March;
- Why interest rates could be cut more than markets expect next year.