7 Aug 2020 More Monetary Stimulus Likely in Q4, Despite the MPC's Optimism

Samuel Tombs (UK Economist)6th Aug 2020 14:10U.K., U.K. Key Issues, Economic Monitor

The MPC struck a less dovish tone than markets had anticipated yesterday.

August bank rate BoE committee construction construction pmi consumption cpi cpi inflation credit deposit rates downside risks economy employees employment energy energy consumption February forecasts ftse gdp gdp data gilt growth income index inflation inflation target interest income interest rate interest rate expectations investors January job losses LIBOR manufacturers manufacturing manufacturing pmi March markets Markit/CIPS services PMI May monetary monetary policy monetary policy report monetary stimulus mpc negative rates new car registrations new orders new orders index November ois ois rates orders pmi policy psnb q1 q2 q3 q4 qe real gdp recession recessions remain retail services pmi survey

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