Don’t rule out another rate cut this year Opinion Many are assuming the Bank of England will hold rates for the rest of the year. But scratch the surface and there is a case for another move before year-end, says Martin Beck Most analysts reckon the Bank of England is done cutting rates in 2025, a consensus reinforced by the Bank’s decision today to [...]
With inflation expected to hit 3 per cent in 2017, is the Bank of England right to prioritise growth over price stability? Martin Beck, senior economic adviser to the EY Item Club, says Yes. In light of the sharp post-referendum drop in the value of the pound, prices of imported goods are set to increase. As a result, inflation will rise over the next year. As our forecast suggests, CPI inflation is expected to peak at around 3 [...]
