Economic Outlook - The ASTL BofE Economic Outlook ASTL... · Economic Outlook Peter Andrews Agent...
-
Upload
phungkhanh -
Category
Documents
-
view
225 -
download
1
Transcript of Economic Outlook - The ASTL BofE Economic Outlook ASTL... · Economic Outlook Peter Andrews Agent...
Economic OutlookPeter Andrews
Agent for Greater London
Bank of England
At ASTL September 2017
@BoELondon
Greater London Agency
Market-implied paths for short-term rates have risen in the UK and euro area
: Sources: Bank of England, Bloomberg, ECB and Federal Reserve.
Greater London Agency
Sterling has remained 15%-20% below its late-2015 peak
Greater London Agency
GDP growth; market Bank Rate path, other policy measures as announced
:
Greater London Agency
CPI inflation, market Bank Rate path, other policy measures as announced
:
Greater London Agency
Rising goods prices have pushed up inflation
Sources: Bloomberg, DBEIS, ONS and Bank calculations.
Greater London Agency
Import price inflation appears to be easing
Sources: BoE, BCC, CBI, CEIC, Eurostat, IHS Markit, ONS, Thomson Reuters Datastream and
Bank calculations.
Greater London Agency
Rising import prices have weighed on household real income growth
Greater London Agency
Consumer credit growth has remained robust
Sources: Bank of England, ONS and Bank calculations.
Greater London Agency
Surveys point to a pickup in export growth
Sources: BoE, BCC, CBI, EEF, IHS Markit, ONS and Bank calculations.
Greater London Agency
Indicators of investment intentions point to near-term growth
Sources: Bank of England, BCC, CBI, CBI/PwC, EEF, ONS and Bank calculations.
Greater London Agency
House prices and activity slowed; new building increased
Sources: Bank of England, CML, DCLG, IHS Markit, Nationwide and Bank calculations.
Greater London Agency
Chart 5.5 Unemployment projection: market Bank Rate path, other policy
measures as announced
.
Greater London Agency
Chart 3.3 Wage growth subdued as unemployment has fallen
Greater London Agency
Chart 3.10 Real wages have grown broadly with productivity since 2008