29 Nov 2021 Forecast Review: MPC Caught Between Higher Inflation and Omicron

Samuel Tombs (UK Economist)28th Nov 2021 22:00U.K., Daily Monitor

Recent activity data have surprised to the upside, but the Omicron variant casts a shadow over Q1.
The near-term path for inflation looks much higher than a month ago, after October's above-consensus data.
The MPC likely will hike Bank Rate in December, but markets' expected 2022 rate path looks far too steep.

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