Press releases

Deloitte chief economist comments on Bank of England's Inflation Report

2 May 2019

Commenting on the Bank of England’s Inflation Report, published this afternoon, Ian Stewart, chief economist at Deloitte, said:

“With jobs, wages and consumer spending coming in stronger than expected the UK looks in rather better shape than at the start of the year. The Brexit worries that have hit business confidence and investment have had much less impact on consumers.

Unlike the European Central Bank and the US Fed the Bank of England hasn’t retreated from its plan to raise rates.

The Bank is in no hurry, but the message to markets is not to underestimate the possibility of future rate rises.”

End

Note to editors

About Deloitte
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Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

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