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  • Bank of England - current market rate path implies further rise in bank rate to just under 1.2 pct after three years (nov forecast 1.0 pct)
Market news
08.02.2018, 12:13

Bank of England - current market rate path implies further rise in bank rate to just under 1.2 pct after three years (nov forecast 1.0 pct)

  • Bank of England MPC says appropriate to set monetary policy so inflation returns to target "at a more conventional horizon"

  • Inflation in three years' time at 2.11 pct (nov forecast 2.15 pct), based on market interest rates

  • Inflation in two years' time at 2.16 pct (nov forecast 2.21 pct), based on market interest rates

  • Inflation report shows unemployment rate at 4.1 pct in two years' time (nov 4.2 pct), based on market rates

  • Brexit uncertainty weighing on uk business investment

  • Estimates overall slack within economy is "very small" at just under 0.25 pct of gdp

  • Policy statement makes no direct reference to appropriateness of current market expectations about interest rates

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