Rate hikes from the Federal Reserve and European Central Bank at their July meetings look like done deals – it’s the messaging accompanying those decisions that may prove key to what the banks decide to do in September and beyond. Another increase also looks likely at the Bank of England’s August meeting, but how far is the MPC prepared to take Bank Rate to bring inflation decisively to heel?
Economists from our US, Europe and UK teams held this special briefing all about the Fed and ECB’s latest decisions plus a preview of the Bank of England’s next move. During this 20-minute briefing, the team answered client questions and addressed key issues, including:
- Why we think July will mark the end of the Fed’s tightening cycle;
- The risk that the ECB keeps policy tight, even with the economy in recession;
- Why we’re raised our Bank Rate forecast in the face of signs of UK disinflation.
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