The past two weeks have boosted our confidence in our long-held forecasts that inflation and interest rates will fall further than most expect next year. And while September’s surprisingly soft inflation figures have nudged open the door to the Bank of England cutting interest rates again this year, the OBR may have closed its forecasting window too early for the recent drop in gilt yields to benefit the Chancellor in the Budget.
We’re hosting a special in-person roundtable event at our London office on Wednesday 12th November to discuss if the Chancellor’s second Budget on 26th November will be as big and as bad for the economy as her first, and if it will dampen or ignite the gilt market’s fiscal fears. Click here to request a space.
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