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27/06/2018

UK | Investment

Monthly Review - June 2018

UK Economic Briefing - June 2018

The Bank of England’s Monetary Policy Committee (MPC) voted to keep rates on hold at 0.5%, with no change in asset purchases and corporate bond holdings at GBP435bn and GBP10bn respectively.
  • The headline and core CPI inflation rates held steady at 2.4% and 2.1%, y-o-y as a result of higher energy prices and the continued (though fading) pass-through of the 2016 sterling depreciation.
  • Employment growth has continued at a relatively robust pace, with 146,000 new jobs created in the three months to April.
  • Retail sales picked up from 1.4% to 3.9% y-o-y, the strongest since April 2017 partly reflecting a bounce-back from a snow-affected month, whilst the sales in May were boosted by the warm weather and the royal wedding.
Your Contact

Stephanie McMahon

Stephanie McMahon
Head of UK Research
Research
+44 (0) 20 7338 4002

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