The latest Bank of England economic outlook now published 2 Feb
– CPI beg-2018 fcast 2.72% unch vs Nov
– beg-2019 fcast 2.56% vs 2.7% prev
– beg-2020 fcast 2.36% vs 2.49% prev
At first sight those reduced f/casts may add a bearish tone despite improved GDP growth forecasts but if their based on market rates it’s probably factored in.
BOE Quarterly Inflation Report: CPI outlook largely unchanged but forecasts lowered
