Financial conditions in the UK remain accommodative, signaling confidence that the policies of the monetary and fiscal authorities have created the framework for a sustained economic recovery. Ahead of the Bank of England’s critical decisions on policy normalization on Thursday, this should provide ... READ MORE >
Bank of England’s Monetary Policy Committee to focus on economic risk as energy prices surge
Rising energy prices will weigh on consumer spending and gross domestic product growth in the U.K. next year. At its meeting on Thursday, the Bank of England’s Monetary Policy Committee should be more concerned about the negative impact on the economic recovery from soaring energy prices than about the ... READ MORE >
RSM UK Financial Conditions Index remains stout despite risk of virus resurgence
The Bank of England maintained its accommodative policy stance in its announcement on Aug. 5, keeping short-term interest rates at the zero-bound while continuing to put downward pressure on long-term interest rates through purchases and holdings of fixed-income securities. As a result, our RSM UK ... READ MORE >