Our monthly Economic Review is intended to provide background to recent developments in investment markets. The bulletin also gives an indication of how some key issues could impact in the future.
In mid-December, the Bank of England (BoE) announced another hike in its benchmark interest rate and warned that further increases are likely in order to sustainably return inflation to target level.
In our economic update this month we begin by looking at Interest rates and Inflation and how the opinions of the Monetary Policy Committee may shape future interest rate changes. We then look at the jobs market and how a large increase in the inactivity rate is influencing the job market. Our markets section runs through the latest data on what has been a challenging year. We then look at the UK economy and how although the UK is already feared to be in recession data appears to be more positive this month. Finally we look at the biggest topic at the moment, inflation.
Our update this month includes the following headlines:
- Bank Rate raised again
- Jobs market shows signs of cooling
- UK economy rebounds in October
- Inflation rates ease slightly
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It is important to take professional advice before making any decision relating to your personal finances. Information within this newsletter is based on our current understanding of taxation and can be subject to change in future. It does not provide individual tailored investment advice and is for guidance only.