Details from the BOE inflation report 02 November 2017

  • Lowers 2017 GDP forecast to 1.6% vs 1.7% prior
  • 2018 1.6% unch
  • 2019 1.7% unch
  • CPI 1yr 2.37% vs 2.58% prior
  • 2yr 2.21% vs 2.19% prior
  • 3yr 2.15% vs 2.22% prior
  • Wage growth: Q4 2017 2.25% vs 2.0% prior
  • Q4 2018 3.0% unch
  • Q4 2019 3.25% unch
  • Q4 2020 3.25%
  • Fall in GBP due to Brexit has pushed up inflation
  • Growth is at its new lower speed limit
  • Brexit decision is having a noticeable impact on the economic outlook
  • CPI to peak at 3.2% in Oct 2017 vs 3.0% prior

Talk about moving the goal posts.

The BOE have a new inflation report website where you can get the highlights.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

Pin It on Pinterest