There are signs in the latest data that domestic demand is softening, though not to the extent that it should raise alarm at the central bank. This reinforces our view that the tightening cycle still has legs, but that the MPC will opt to slow the pace of rate hikes in its upcoming meeting scheduled for early December.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services