MONETARY AFFAIRS
Preview: In a Finely Balanced Decision, We Expect The BoE To Raise Rates In March, Financial Instability Permitting
by Brunello Rosa and Nato Balavadze
17 March 2023
In this paper we discuss:
- Our latest assessment of the UK economy;
- What we expect the BOE to do in March given the uncertainty created by the collapse of SVB and CS difficulties;
- The five arguments in favour of a hike in March, and the four arguments against;
- How the economy has performed compared to the February 2023 forecasts; and
- The market implications of all the above.
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