Economic Review – January 2024

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.

A surprise sharp decline in the rate of inflation has ignited hopes of an interest rate cut by spring, despite the Bank of England (BoE) insisting it is ‘too early’ to speculate about when rates might be reduced. 

In our economic review this month we begin by looking at the most recent Bank of England’s Monetary Policy meeting to try and better understand when any changes may happen. We then look at the UK economy which ended the year on a more positive note. Our markets section this month is also more positive all round apart from a small drop in Japan. We then run through the employment sector and discuss data that indicates this area is softening. Finally we have some positive news from retail sales. 

Our update this month includes the following headlines:

  • Inflation drops sparks rate cut speculation 
  • UK economy picks up some momentum
  • Markets
  • Jobs market shows signs of stalling
  • Retail sales growth beats expectations

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Economic Review January 2024

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.

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