UK Markets

UK Markets Chart Book

26 June, 2018

MPC hints that it will press ahead in August

The Bank of England Chief Economist, Andy Haldane’s, surprise vote for an interest rate increase in June, alongside a hawkish set of minutes, suggests that the MPC will press ahead with a rate hike in August. Indeed, the Committee appeared unconcerned by the recent weak industrial production figures and instead put more weight on the rebound in survey measures of economic activity. As a result, the MPC remain confident that the slowdown in GDP growth in Q1 will prove a blip. Meanwhile, the three

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