BOE super hawk spoke at a private business conference and some of the details have emerged via Reuters
- BOE predicts a slow motion economic slowdown over the next 3 years, probably to around 1.5%
- Balancing inflation and capcity will push interest rates up sooner rather than later
- Sees two trends, growth slowing after Brexit and clearly seeing higher inflation
The comments aren’t much of a divergence from a known hawk but it does show that the BOE will have a battle to fight with hiking rates while inflation goes one way and GDP , the other.
The full Reuters piece is here.
Latest posts by Ryan Littlestone (see all)
- The last NFP competition of 2022 - December 1, 2022
- Will this month’s US NFP be a horror show? - October 4, 2022
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022