This week brought a double whammy of bad news for UK consumers. The energy price cap will rise by 54% in April, with the Chancellor offering an...
United Kingdom | Hawkish MPC signals aggressive pace of rate hikes
Posted by Andrew Goodwin on Feb 3, 2022
Alongside its decision to raise rates by 25bps to 0.5%, the MPC today sent an unmistakeably hawkish message, and we now expect further 25bp hikes in...
United Kingdom | Policymakers withhold support as Omicron fears deepen
Posted by Andrew Goodwin on Dec 17, 2021
Despite the uncertainty caused by the surge in Omicron cases, the BoE raised interest rates to 0.25% this week. This marks a clear change of tack,...
United Kingdom | BoE ignores Omicron uncertainty to hike rates
Posted by Andrew Goodwin on Dec 16, 2021
Even though Omicron is casting a huge shadow over the UK economy, the BoE today raised Bank Rate to 0.25% signalling a clear change of tack. Shifting...
United Kingdom | Omicron to put BoE rate hike on hold for now
Posted by Andrew Goodwin on Dec 9, 2021
A December rate hike would require the Monetary Policy Committee (MPC) to be satisfied that the end of the furlough scheme was benign and that the...