Press releases

Deloitte chief economist comments on today's interest rate decision

19 September 2019

Commenting on the latest interest rate decision, published today by the Bank of England, Ian Stewart, chief economist at Deloitte, said:

“The Bank of England is conspicuously standing back from a global shift to cheaper money and placing more weight on the strength of the UK jobs market and consumer spending. The pace of the slowdown in the euro area and the US has surprised policymakers and triggered rate cuts. In the UK, despite Brexit uncertainties and softening corporate activity, the Bank of England thinks policy is about right.”

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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