Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
In June this year, annual UK consumer price inflation on the central banks preferred measure (CPIH) hit 2.4%, marginally above the 2% target and the highest level since the pandemic started in 2019. It was a rate last seen in August 2018. For some commentators, it was a vindication of the view that the Bank …
Continue reading “UK monetary policy to remain on hold, for now”
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. …
Based on the post-war record of UK economic expansion, we may be about to experience a sharp slowdown (see chart A). Latest figures show that the UK grew by 0.4% in the final quarter of 2017, down by 0.1% from an earlier estimate of 0.5%. In the year as a whole, the UK economy expanded …