Bank of England suggests moderation in wage and inflation forecasts
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Amidst evolving economic indicators and shifting market sentiments, the Bank of England's (“BOE”) latest Decision Maker Panel survey indicates a moderation in both inflation and wage forecasts. The survey highlights a decline in year-ahead own price inflation to 4.1% in the three months to March, down from 4.3% in February, suggesting a slight easing in price pressures. Similarly, one-year ahead Consumer Price Index (“CPI”) declined to 3.2% from 3.3%, while three-year ahead CPI stood at 2.7% versus the previous 2.8%, indicating a tempered inflation outlook. Moreover, the survey reports a year-ahead wage growth of 4.9% on a three-month moving average basis, coupled with an annual wage growth of 6.4% in March, reflecting a gradual slowdown in wage growth momentum. While the UK economy continues its recovery trajectory, the pace appears to have eased slightly, particularly within the services sector. The final services sector Purchasing Managers' Index (“PMI”) for March came in at 53.1, slightly below the estimate of 53.4, indicating a modest upturn in activity. However, this moderation leaves the composite reading at 52.8, below February's nine-month high... Stocks featured: Fresnillo, Ocado and Future To find out more about the investment management services offered by Walker Crips, please visit our website: https://www.walkercrips.co.uk/ This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
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