The Bank of England will almost certainly leave interest rates at 4.50% at the policy meeting on Thursday 20th March and this might be the second meeting in a row when the vote suggests the Bank is more dovish than it really is. Even so, we continue to believe that a marked slowdown in wage growth will prompt the Bank to cut rates to 3.50% rather than to the low of 4.00% priced into the markets.
We’ll be discussing the outlook for Bank of England, Fed and ECB policy in a 20 minute online Drop-In at 3pm GMT on Thursday 20th March. (Register here.)
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