• Bank of England: CPI expected to rise to around 2 pct over the next month or two, to exceed target materially by summer

Market news

16 March 2017

Bank of England: CPI expected to rise to around 2 pct over the next month or two, to exceed target materially by summer

  • Most mpc members saw signs that squeeze on households was feeding through into spending

  • Potential for uncertainty over future trade deals pose downside risk for growth

  • Staff forecast for gdp growth in q1 raised to +0.6 pct vs +0.5 pct forecast in february

  • Expectation that growth will slow in line with feb forecasts was held with differing degrees of confidence across mpc

  • Some mpc members who voted to keep rates on hold would consider reducing stimulus after relatively little further upside news on growth or inflation

  • Wage growth had been notably softer than expected at feb meeting, despite fall in unemplomyent rate

  • Since february meeting, inflation only a touch weaker than expected, price pressures clearly evident

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.