The Monetary Policy Committee has changed its mindset. What’s next for interest rates? AD Investec Chief Economist Philip Shaw explains why an interest rate rise now looks more likely – and when these changes are expected. The Bank of England’s Monetary Policy Committee voted 6-3 to keep the Bank rate at 3.75% earlier this month, with the three dissenters backing a quarter-point increase. This was exactly the same voting [...]
How patient can the Bank of England be? AD Will policymakers be forced into an unexpected rate hike? Investec Chief Economist Philip Shaw explains how energy prices, wages and inflation expectations will shape the Bank of England’s next move – and reveals what he expects to happen. The Monetary Policy Committee (MPC) kept the Bank rate at 3.75 per cent this month, in line [...]
