Macro - Weekly Briefings - United Kingdom
The UK labour market release for Q1 reported a slightly higher outturn for unemployment than the BoE's forecast, while wage growth was in line with expectations. Given the MPC has said that further rate hikes would be dependent on key data surprising on the upside, this week's data keeps us on track for Bank Rate to peak at 4.5%.
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
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