Interest rates: Deloitte’s chief economist comment
2 August 2018
Commenting on the latest interest rate decision, Ian Stewart, chief economist at Deloitte, the business advisory firm, said:
“The Bank has so clearly telegraphed this rate rise that markets would have been shocked had rates been left on hold.
The unanimity of the decision probably reflects the view that the UK is, quite simply, running out of spare capacity.
But sub-trend growth and a cloudy outlook hardly make a compelling case for higher UK rates.
In six months’
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