UK Markets

UK Markets Chart Book

25 July, 2018

MPC set to embark on tightening cycle

The collective view of the Monetary Policy Committee (MPC) in June was that “an ongoing tightening of monetary policy over the forecast period” would be necessary if the economy evolves in line with its forecast. Since then, the hard and survey data have added to the evidence that growth rebounded in Q2. Admittedly, the vote looks likely to be split, with Jon Cunliffe hinting in a speech that he will wait for signs that domestic inflationary pressure has strengthened further before voting to

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