BoE's Pill says they were short of specific evidence on second round effects. But, a decision to raise rates in a pre-emptive manner is in character. Different views and nuances were around the decision
ORIGINAL · NewsquawkBoE's Pill says they were short of specific evidence on second round effects. But, a decision to raise rates in a pre-emptive manner is in character. Different views and nuances were around the decisionRead originalHide original
Pipeline price pressures from energy. There is no preset arrangements for next year's rates. The outlook will become more uncertain from the spring. It is possible that Bank Rate would stay on hold or even fall if we saw a stalling of growth next year. Key determinant will be margin squeeze on Cos. and how Cos. react.
Pill described limited specific evidence of second-round effects and a conditional rate outlook, highlighting energy price pressures and companies’ responses to margin squeezes.
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Pipeline price pressures from energy. There is no preset arrangements for next year's rates. The outlook will become more uncertain from the spring. It is possible that Bank Rate would stay on hold or even fall if we saw a stalling of growth next year. Key determinant will be margin squeeze on Cos. and how Cos. react.
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