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OECD too gloomy, rebound in job vacancies fleeting

Our forecast that CPI inflation will fall further than most expect explains why we think the OECD’s recent take on the UK economy is too gloomy. And while the recent rebound in job vacancies could imply that wage growth and CPI services inflation won’t fall as far as we think, other evidence suggests that job vacancies will resume their downward trend before long.

We’ll be discussing the outlook for Bank of England policy in a 20-minute online briefing at 3pm BST on Thursday 9th May. (Register here.)

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