For all the worries over Brexit the BOE still sees the next move in rates as up
While growth may have been lowered from Feb's report, and employment expected to flatten and perhaps drop, the BOE still maintain that all being well, the next move will be a hike in interest rates.
BOE forecast summary
"the MPC judges that it is more likely than not that Bank Rate will need to be higher by the end of the forecast period than at present to ensure inflation returns to the target in a sustainable manner"
The forecasts for unemployment perhaps warrant the closest inspection but it shouldn't be a surprise given how strong the jobs market has been over the last few years. We'd be better taking it as a note of caution rather that a precursor for the jobs market to slump.
The pound is nearly back to where it started but it's keeping a slight bid.
On to the pressser
