![]() At that point, the (hopefully modest) consequences of the end of the furlough scheme on employment will be clearer. The EY ITEM Club thinks February 2022 will be the likely date for a rate rise. However, the Committee was explicit that, provided its latest economic forecasts pan out, it will be necessary to raise interest rates in the next few months.But with GDP growth in the near term looking more subdued, and the outlook for the labour market and the persistence of inflation still uncertain, a clear majority on the MPC judged a ‘wait-and-see’ approach remained appropriate. ![]() Two members did vote for a rise, and the minority in favour of curtailing quantitative easing (QE) immediately expanded from two to three. The Monetary Policy Committee (MPC) chose not to raise interest rates in its latest meeting.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |