Even if some of the weakness in activity in April comes back in May, GDP growth will still struggle to hit the Bank of England’s Q2 forecast of 0.2%. As such, we doubt that they will raise rates at their meeting next week and probably won’t increase rates until the Brexit uncertainty has started to wane.
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