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Flash Review: BOE Increases Rates While Forecasting A Prolonged Recession in the UK
by Brunello Rosa and Nato Balavadze
3 November 2022
In this paper we discuss:
- The BOE's latest assessment of the UK economy, including of a "prolonged recession;"
- What the BoE announced in November and could do in coming months;
- The changes in the BoE's forecasts, which now include a longer recession in 2022-24;
- The policy discussion within the MPC, on the size of the rate increase; and
- The market implications of all the above
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Download PDF: R&R Flash Review Bank of England - November 2022
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