All eyes on wage growth for 2024: Investors react to split vote and ‘hawkish tone’ from the Bank of England
Markets are still expecting the Bank to strike a more dovish tone in 2024
Markets are still expecting the Bank to strike a more dovish tone in 2024
Investment professionals react to GDP falling by more than consensus estimates
Key events for UK wealth managers for the week starting 11 December
There are solid arguments supporting a harder landing scenario than markets are pricing in
Monetary policy will ‘likely need to be restrictive for quite some time yet’
Core inflation is ‘still stubbornly sticky’ at 5.7%
Wage growth excluding bonuses eased to 7.7%
The risk of a UK recession and an ‘outright fall’ in inflation is growing
Committee voted by a majority of 6-3 for the hold
Key events for UK wealth managers for the week starting 30 October
ONS introduces new process which uses tax data and benefit claims
UK CPI is ‘trapped between the push and pull of prices at the pump and those on supermarket shelves’, warn experts