BoE cuts UK growth forecast

Inflation likely to stay above 4% for first half of 2022 amid supply constraints and energy squeeze – MPC

Bank of England and Stock Exchange
Rachael King

The Bank of England’s monetary policy committee has cut its growth forecast, and warned UK inflation will rise slightly above 4% in the last quarter of this year.

It also cautioned that this level of inflation was likely to last until the second quarter of next year.

The MPC’s inflation forecast was marginally above the BoE’s August figure, which predicted fourth quarter inflation of 4%, above its target level of 2%.

Year-on-year consumer price index inflation rose from 2% in July to 3.2% in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.