UK Markets

UK Markets Chart Book

25 April, 2018

Any pause before rates rise again will be short

Governor Carney’s comment that the MPC will decide whether or not to increase Bank Rate in May “conscious that there are other meetings over the course of this year” suggests that he wants to hold off tightening policy until it is clear the recent patch of soft data is indeed transitory. Reflecting his comments, the market-implied probability of a hike in May fell, from over 80% to 55% now. It is rare, but not unheard of, for the Governor to be outvoted. While Carney has never been outvoted, Mervy

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