Bank of England holds rates steady at 5.25% as inflation concerns persist
Monetary Policy Committee voted 6-3 in favour of a fourth consecutive pause
Monetary Policy Committee voted 6-3 in favour of a fourth consecutive pause
Experts are divided as to whether the Bank will send hawkish signals to markets
Key events for UK wealth managers for the week starting 29 January
Well below 4.4% consensus forecast
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