Preview: BoE postponing hike until August
- Disappointing activity data have raised the hurdle to hiking rates on 10 May. I now expect the BoE to delay its next rate hike until August 2018.- Excess demand and excess inflation are likely to remain in the hawkish forecast, which means only a temporary delay can be justified.
- Some MPC members probably won’t be convinced of the merits of waiting. Hawkish dissents and an explicit focus on data in the next few months would support my new forecast and the MPC’s desired perception of data dependence.
Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.