BoE a hostage to geopolitics

We still think the Bank of England will raise interest rates only once more, from 4.00% to 4.25% in February, or possibly in December. That is based on our forecast for energy prices to continue to drift lower. But with the Bank held hostage by geopolitical developments, the risk is energy prices rebound and/or stay higher for longer and interest rates rise further than we expect.

In a special 20-minute online briefing announcing the launch of our new UK Consumer Insights service, at 3pm GMT on Thursday 12^th November we’ll discuss if households will buckle under the pressure and which consumer sectors will be the winners and losers. (Register here.)