Details from the Bank of England MPC meeting 1 November 2018

  • Prior vote 9-0 unchanged
  • Finished QE 445bn
  • Prior vote 9-0 unchange
  • 2018 GDP 1.3% vs 1.4% prior
  • 2019 1.7% vs 1.8% prior
  • 2020 1.7% ucnh
  • CPI 1yr 2.10% vs 2.15% prior
  • 2yr 2.12% vs 2.09% prior
  • 3yr 2.03% unch
  • Mixed on inflation but only marginal change
  • Rate rises will be limited and gradua
  • Estimates slack to be zero in econom
  • Investment more subdued than expecte
  • Household consumption greater than expected, supported by strong labour market

A hawkish statement.

Published on 01 November 2018
Ryan Littlestone

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