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Bloomberg Surveillance hosts Jackie Bowie to discuss the BoE rate cut and the Autumn Budget ahead of the Fed November announcement

Date:
November 8, 2024
Source:
Bloomberg Surveillance Radio

Summary

Jackie Bowie visited Bloomberg Surveillance's New York studio on the morning of the Bank of England's November decision, comparing U.K. economic sentiment and inflation with the U.S.

Bloomberg Surveillance with Jackie Bowie

On the heels of the Bank of England's (BoE) rate cut announcement, Jackie Bowie joined the Bloomberg Surveillance team to discuss the new U.K. Autumn Budget's impact on monetary policy. With inflation still a primary concern in the U.K., Jackie discussed how its economic sentiment mirrors the U.S. sentiment, especially as it affects food and fuel prices. Jackie also described how investment options in the U.K. are dwindling as companies delist from U.K. exchanges and take-private deals increase.

“Everyone is focused on this headline inflation target, which you know is at 2% … it looks like the inflation forecast for next year will be around 2.6%–2.7% so you're starting to see that you're not getting inflation at that 2% target.”

Jackie Bowie on Bloomberg Surveillance

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