Upside risks to our forecast for household bank deposits to ease

Given the fall in households’ real incomes will mean households have less cash to save, we expect the monthly flow into bank deposits to ease in our baseline scenario. But if we are wrong, it is likely to be because the boost to bank deposits from higher precautionary saving is bigger than we have assumed.

At 3pm on Thursday 30th April we will be hosting a 20-minute online Drop-In to discuss the outlook for Bank of England, ECB and Fed policy. (Register here.)