VOT Research Desk
During the first quarter of 2019, according to JP Morgan analysts, the Bank of England (BoE) will increase the bank rate to 4.25%.
A lag in the tightening of fiscal policy is anticipated, while monetary tightening will bite more slowly than in the past.
Due to tighter monetary and fiscal policies, economic harm from the pandemic and Brexit, as well as forecasted UK GDP of -0.6% in 2023 (as opposed to +4.3% in 2022), expect the UK economy to decrease in the coming year.
