BoE Forecast Shows Inflation In Two Years’ Time At 2.15% (Nov Forecast: 2.23%), Based On Market Interest Rates And Mode Outcome

Forecast Shows Inflation In One Year’s Time At 5.21% (Nov Forecast: 3.40%), Based On Market Interest Rates And Mode Outcome
Forecast Shows Inflation In Three Years’ Time At 1.60% (Nov Forecast: 1.95%), Based On Market Interest Rates And Mode Outcome
Estimates GDP Growth Of Just Over 1% Q/Q For Q4 2021, Fall Of Around 0.5% Mm In Dec 2021, GDP Above Nov Level By March
Market Rates Imply More BoE Tightening Than November, Show Bank Rate At 1.2% In Q4 2022, 1.4% In Q4 2023, 1.3% In Q4 2024 (Nov: 1.0% In Q4 2022, 1.1% In Q4 2023, 1.0% In Q4 2024)
Estimates Wage Growth +4% Y/Y In Q4 2021 (Nov Forecast: 3.5%), Q4 2022 +3.75% Y/Y (Nov: +1.25%), Q4 2023 +3% (Nov: +2.25%), Q4 2024 +2.25% (Nov: 2.75%)
Estimates GDP In 2021 +7.25% (Nov Forecast: +7%), 2022 +3.75% (Nov: +5%), 2023 +1.25% (Nov: +1.5%), 2024 +1% (Nov: +1%), Based On Market Rates
Sees Excess Demand Of 0.5% In Q1 2022 (Nov: Excess Demand 0.5%), Slack Of 0.25% In Q1 2023 (Nov: Excess Demand Of 0.25%); Slack Of 0.5% In Q1 2024 (Nov: Zero)
Unemployment Rate Seen At 4.0% In Q4 2021 (Nov Forecast: 4.5%), Q4 2022 4.1% (Nov: 4%); Q4 2023 4.6% (4.1%); Q4 2024 4.9% (Nov: 4.4%)