As Mark Carney prepares to make way for new governor Andrew Bailey, he’s voiced the suggestion that UK interest rates could be cut if the economy wobbles in early 2020. His view may be in anticipation, as some have concluded, of an economic shock resulting from the UK’s exit from the UK on 31st January. …
What trends will dominate the next decade?
As a wise sage once said: forecasting is very difficult, especially about the future. But maybe we can discern some trends that will at least help to determine the direction of the decade ahead, whilst acknowledging how little we can ever truly predict. Few people back in 2010, for instance, would have thought that in …
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UK interest rates – twist or stand?
Last week’s MPC committee witnessed the widest vote split since 2011, with three out of the eight economists on the MPC voting to increase interest rates by a quarter of a per cent. Bank of England Governor, Mark Carney voted against a rise, a position he defended in his Mansion House speech on Tuesday. A …