The trickle of warnings of a not-too-distant policy tightening from the Monetary Policy Committee (MPC) turned into something more closely resembling a flood last week. Ultimately, however, it is the data – and not the MPC’s expectations or signals – that will determine the path of policy. And we still expect it to warrant only a gradual rise in interest rates over the next couple of years.
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