Reduced growth amid a more optimistic outlook later this year is the primary takeaway from the February rate decision by the Bank of England Monetary Policy Committee. This implies a slower pace of growth near 5% in 2021 followed by a rapid rebound closer to 7% in 2022. Moreover, the central bank does not ... READ MORE >
RSM UK
RSM Brexit Stress Index shows increase in financial market stress
The RSM Brexit Stress Index finished the week at 0.34, up from last week’s close at 0.02. Although remaining within a range of normality in terms of asset price movement and volatility, financial market stress is nevertheless inching higher again. Until three weeks ago, the index, which measures UK ... READ MORE >
RSM Brexit Stress Index: Decline implies conditions support improved UK economic growth
The RSM Brexit Stress Index declined to -0.08 from 0.41 the prior week due to the extension to Oct. 31 of the UK’s potential exit from the European Union. The index has made a two-standard-deviation move since early December, 2018; the trend implies broader financial conditions supportive of growth sorely ... READ MORE >