Economic Review September 2017
Our monthly economic review is intended to provide background to recent developments in investment markets as well as to give an indication of how some key issues could impact in the future.
It is not intended that individual investment decisions should be taken based on this information; we are always ready to discuss your individual requirements. We hope you will find this review to be of interest.
BANK OF ENGLAND IN RATE RISE HINT
The Bank of England (BoE) has signalled that the UK’s first interest rate hike in more than a decade may be fast approaching.
While the minutes of the latest Monetary Policy Committee (MPC) meeting on 13 September showed a 7-2 majority in favour of keeping rates on hold at 0.25%, they also included new guidance indicating a readiness to increase rates in the coming months if price pressures continue to grow as expected. BoE Governor, Mark Carney reinforced this hawkish message saying the possibility of a rise in interest rates had “definitely increased”.