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Greater London Agency
Market-implied paths for short-term rates have risen in the UK and euro area
:
Sources: Bank of England, Bloomberg, ECB and Federal Reserve.
Economic Outlook Peter Andrews Agent for Greater London Bank of - - PowerPoint PPT Presentation
Economic Outlook Peter Andrews Agent for Greater London Bank of - - PowerPoint PPT Presentation
Economic Outlook Peter Andrews Agent for Greater London Bank of England At ASTL September 2017 @BoELondon Market-implied paths for short-term rates have risen in the UK and euro area Greater London Agency Sources: Bank of England, Bloomberg,
SLIDE 2
SLIDE 3
Greater London Agency
Sterling has remained 15%-20% below its late-2015 peak
SLIDE 4
Greater London Agency
GDP growth; market Bank Rate path, other policy measures as announced
:
SLIDE 5
Greater London Agency
CPI inflation, market Bank Rate path, other policy measures as announced
:
SLIDE 6
Greater London Agency
Rising goods prices have pushed up inflation
Sources: Bloomberg, DBEIS, ONS and Bank calculations.
SLIDE 7
Greater London Agency
Import price inflation appears to be easing
Sources: BoE, BCC, CBI, CEIC, Eurostat, IHS Markit, ONS, Thomson Reuters Datastream and Bank calculations.
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Greater London Agency
Rising import prices have weighed on household real income growth
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Greater London Agency
Consumer credit growth has remained robust
Sources: Bank of England, ONS and Bank calculations.
SLIDE 10
Greater London Agency
Surveys point to a pickup in export growth
Sources: BoE, BCC, CBI, EEF, IHS Markit, ONS and Bank calculations.
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Greater London Agency
Indicators of investment intentions point to near-term growth
Sources: Bank of England, BCC, CBI, CBI/PwC, EEF, ONS and Bank calculations.
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Greater London Agency
House prices and activity slowed; new building increased
Sources: Bank of England, CML, DCLG, IHS Markit, Nationwide and Bank calculations.
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Greater London Agency
Chart 5.5 Unemployment projection: market Bank Rate path, other policy measures as announced
.
SLIDE 14
Greater London Agency
Chart 3.3 Wage growth subdued as unemployment has fallen
SLIDE 15
Greater London Agency