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:

  1. The BOE's latest assessment of the UK economy, including of a "prolonged recession;"
  2. What the BoE announced in November and could do in coming months;
  3. The changes in the BoE's forecasts, which now include a longer recession in 2022-24;
  4. The policy discussion within the MPC, on the size of the rate increase; and
  5. 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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