Wednesday, November 1, 2017

Cornered and out of ammo

Bank of England: As a first interest-rate hike in more than a decade looms, here's what experts expect

For the first time in more than a decade, the Bank of England is widely expected to raise interest rates on Thursday. But whatever decision the Monetary Policy Committee makes, it’s unlikely to be an easy one. Wage growth is stagnating, household budgets are tight and Brexit negotiations are casting a shadow over economic growth prospects.

Posted by quiet guy @ 09:15 PM (5974 views)
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One thought on “Cornered and out of ammo

  • This is reversing the mistaken reduction due to Brexit, plus the press is open about the fact the committee is all mouth.
    We shall see if there is an additional raise but I doubt it would be due to domestic factors. Anecdotally (i.e. unreliably) I heard there is an upswing in interest in London properties in around the 2 million mark. Unfortunately you can’t trust estate agents.

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