BoE: Extracting the Policy Option Value of Delays
The BoE MPC was unanimous in voting for no policy changes in Feb-19, as widely expected. Hawkish pressures remain in the Bank’s forecast, but the...
476 Views
FLASH: UK GDP Shrinkage Shock in Dec-18
UK monthly GDP disappointed all expectations by falling 0.4% m-o-m in Dec-18, which trimmed 4Q18 to 0.2% q-o-q. IP weighed most, mainly owing to...
316 Views
Preview: UK Disinflation Regulated for Jan-19
The imposition of a household energy price cap in the UK had a significant disinflationary effect in Jan-19 and lowered my CPI and RPI inflation...
362 Views
FLASH: BoE Sees Gloom Before Room to Raise Rates
The MPC was unanimous in leaving policy unchanged again in Feb-19, as expected. Downgrades to demand projections seem excessive, in my view, with...
449 Views
FLASH: UK PMIs Overstate Sour Start to 2019
The UK PMIs all fell toward 50 in Jan-19, with the services survey’s 50.1 print over two standard deviations below its post-referendum PMI-based...
235 Views