UK Economics

MPC Watch

3 May, 2018

MPC to wait for confirmation slowdown is temporary

A string of weak economic data, as well as comments by Governor Carney, have all but ruled out another interest rate hike on 10th May. Indeed, the MPC is likely to err on the side of caution until it is confident that the recent softening in the data is temporary. Nonetheless, with wage growth accelerating, it won’t want to wait too long. Assuming the economy holds up, we think that the MPC will hike again in August.

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon

Get the App

The Capital Economics apps are a great way for clients to keep up to date with our latest research.

Capital Economics AppsFind out more
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.