BoE: Early, Often, but Probably Not Far
The BoE delivered a 25bps rate hike to 0.5% and is likely to go again in March after surprise hawkish dissents. Early action replaces needs later...
243 Views
UK: Retail Has a Pre-Christmas Hangover
Front-loaded Christmas spending hit UK retail and implies a worse trend. The BoE discounted a depressing winter, so realising that should not...
358 Views
UK: Labour Market Keys Open BoE Doors
UK labour market activity levels are low and falling, but the UR's fall to 4.1% implies capacity as tight as when the BoE hiked to 0.5% in Nov-17....
307 Views
UK: Output Recovery Arrives Less Late
UK output growth exceeded expectations as it jumped by 0.9% m-o-m in Nov-21 to be 0.2% above its pre-covid peak. Front-loaded growth means less...
487 Views
UK: Less Resilience Before Restrictions
The UK unemployment rate’s decline has slowed while public sector job creation exaggerates strength. Omicron should constrain pay settlements...
336 Views