Last week’s weak bank lending figures, as well as the softer business surveys for April, have intensified the dilemma facing the MPC ahead of its policy decision on Thursday. For now, we think that the MPC will put more weight on the sticky inflation figures and pause the asset purchase programme. But it will be a closer-run decision than looked likely a few weeks ago.
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