United Kingdom: A hawkish tilt as the MPC predicts better times ahead

Despite the Monetary Policy Committee (MPC) downgrading its near-term outlook for the economy, prospects for a vaccine-driven boost to the recovery in GDP later this year allowed the MPC to defer further policy support at its latest meeting.

What you will learn from this report:

  • The highlights of the MPC meeting
  • The reasons why the MPC has revised its GDP forecast
  • Our outlook on the meeting and its implications

Topics: United Kingdom, Coronavirus, Lockdown

A hawkish tilt as the MPC predicts better times ahead