The press conference that followed today’s MPC meeting in Poland highlighted that some members of the Council are becoming more hawkish. While this supports our view that the policy interest rate will eventually be hiked by more than most expect over the coming years, the fact that the majority of the MPC remains dovish means that the tightening cycle probably won’t start until 2018.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services