United Kingdom: Negative rates remain a distant prospect

The Monetary Policy Committee (MPC) chose to look through the economic blow of the current lockdown to a vaccinated, brighter, future, in its February meeting and keep policy on hold. And January’s PMIs suffered from the effect of the new lockdown, but also pointed to a smaller hit than last spring.

What you will learn from this report:

  • The outcome of the MPC meeting and revised GDP forecast
  • The impact of January's lockdown on PMIs
  • Quarterly and key forecasts up to 2023

Topics: United Kingdom, Coronavirus, Lockdown

United Kingdom: Negative rates remain a distant prospect