BoE: Hawks Caught On Inconsistencies
(4 min read)
Bank of England policy was kept unchanged at the recent June meeting and the Monetary Policy Committee (MPC) kept its hawkish guidance. Dismal UK manufacturing data for April prompted only a small downgrade to growth expectations, while the MPC’s other macroeconomic views were deemed broadly in line with the May Inflation Report forecasts. These hawkish views indicated a substantial margin of excess demand and inflation developing over the medium term (Chart 1)...
Cancel Your Trial Anytime
MACRO HIVE PROFESSIONAL
Trade Ideas, Models & More