We are growing more concerned about the upside risk to our inflation forecast in the coming months. That’s partly because pipeline price pressures have already risen by a bit more than we had anticipated, and the combined impact of the war in Ukraine and the recent lockdowns in China could mean they pick up even further in the coming months. That suggests the risks to our forecast for Bank Rate to rise from 0.75% currently to 2.00% in 2023 are also shifting to the upside.
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