Breaking News
One and Done Hike? Least Committed Rate Rise we could have seen – Comment from WorldFirst
Jeremy Cook, Chief Economist at WorldFirst, comments:
“The all-important guidance for the future is that this may be the only rate rise for a while. For the Bank to drop the line that ‘rates may need to rise more than the market expects’ is not a supportive move for future rate rise expectations.
“Alongside a slight weakening of inflation forecasts, the opinion that ‘the decision to leave the European Union [is] already having a noticeable impact on the economic outlook’ means that this is about the least committed hike we could have seen. The MPC couldn’t come out and say: ‘this is a one and done hike’, but the comments are hugely unsupportive towards the argument that rates need to be higher in the UK to protect against a glut of inflation in the very near future.
“One would think consumers will be breathing a slight sigh of relief.”
- COVU Launches COVU OS, the AI-Native Operating Layer Rebuilding How Insurance Work Gets Done Read more
- Tribe Payments Joins Emerging Payments Association Asia as APAC Expansion Gathers Pace Read more
- Insurance Customers Are Losing Trust – and Pet Owners Are Among Those Feeling It Most Read more
- Morgan Stanley Investment Management Enters Digital Investments Universe With Launch of Morgan Stanley Bitcoin Trust Read more
- Coadjute Announces the First Digital Human to Assist in the Battle Against Money Laundering in the UK Read more


