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Podcast: Beyond Currency
Episode: 29 August 2023 - UK rate cuts unlikely before Q2 2024
Description: It is expected that inflation will have fallen again when the data for August is published. While that will be welcomed by the Bank of England, it is unlikely to encourage the Monetary Policy Committee to pause the cycle of increases in the base lending rate.
Inflation remains a concern, although the focus of the City of London has switched and despite the welcome news that the IMF does not believe that the country is facing an imminent recession, the feeling “on the ground” is different.
The output data that was released last week showed that the service sector is begi...