In our latest CIO Special, 'So far, so good: BoE policy under the sign of growth resilience', we look at the improved outlook for UK growth and consider the implications for central-bank decisions to come.
We highlight the following:
- In Q4, British households’ real disposable income increased - after four quarters of losses.
- Resilient growth in 2022 increases chances of avoiding a recession in 2023.
- Volatility in UK bond markets will remain as market expectations adjust to data-dependent monetary policy.