Deloitte’s chief economist: Bank of England forecasts comment
3 November 2016
Commenting on the forecasts published today by the Bank of England, Ian Stewart, chief economist at Deloitte, the business advisory firm, said:
"The big upgrades to the Bank's growth forecasts for this year, and next, underscore the difficulty of gauging the impact of Brexit, even in the short term.
"Forecasts for how Brexit is likely to affect growth in the long term are even more speculative and uncertain.
"With growth and inflation over the next 18 months running well above the Bank's earlier expectations, monetary easing has moved to the back burner."
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
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