UK | Investment

Monthly Review - May 2018

UK Economic Briefing - May 2018

The Bank of England’s Monetary Policy Committee (MPC) voted by 7-2 to keep rates on hold at 0.5%, with no change in asset purchases and corporate bond holdings at GBP435bn and GBP10bn respectively.
  • This was largely down to the weak preliminary estimate of Q1 2018 GDP growth, which came in at 0.1%, below the consensus of 0.3%.

  • The MPC meeting minutes reveal members are keen to see how the data unfolds over the coming months.
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Stephanie McMahon

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


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