Today’s decision by the Monetary Policy Committee to leave interest rates on hold was purely a matter of timing. With the Committee apparently agreed that a significant monetary loosening is required, we still expect interest rates to fall as far as 4% by the middle of next year or sooner.
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