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  • 1 min

Wishful thinking at the Bank of England

  • 21 June 2018
  • Philippe Waechter
  • Bank of England
  • Economic Activity
  • Monetary Policy
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The BoE comment on its monetary policy suggests that a rate hike is a possibility at the August meeting as activity is expected to rise. BUT, the momentum is low and even if there is an improvement it will not catch up what has been lost in 2017.
The graph shows the GDP deviation from trend in the UK, EA, France and Germany. The UK was not able to catch the strong EA momentum in 2017 and its internal dynamics was not enough to support growth. Therefore what’s happening at Threadneedle Street? Wishful thinking?
UKez-fr-ge-GDPdeviation.png

Related Topics
  • Bank of England
  • Economic Activity
  • Monetary Policy
On the same topic
  • 1 min

British procrastination – a postponement will not guarantee an agreement

  • 9 April 2019
  • United Kingdom

Philippe Waechter

Theresa May is in Berlin and Paris to request a new deadline. It’s a safe bet that she will get some time. The date discussed is December 31, 2019. It…
  • Brexit
  • European Union
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  • 1 min

Another moment, Mr. Executioner

  • 14 March 2019
  • European Commission

Philippe Waechter

The British parliament is undecided. The vote on the possibility of a no deal is very divided. 321 against a no deal but 278 in favor of a lack of…
  • Brexit
  • Europe
  • United k
READ
  • 5 min

Euro area growth projections downgraded, and policy mix still restrictive – My weekly column

  • 13 March 2019
  • European Commission

Philippe Waechter

The OECD and the ECB have downgraded their 2019 growth projections for the euro area in quick succession, with the OECD now expecting 1% for the year ahead vs. 1.8%…
  • Brexit
  • No Deal
READ
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