UniCredit's Gkionakis Says BOE Stays Pat on Rates

The video discusses the market's reaction to a potential UK rate hike in March 2018, which was later dismissed. It highlights the impact of inflation and sterling depreciation on the UK economy, particularly in the context of Brexit negotiations. The Bank of England's current policy stance is evaluated, considering potential economic slowdowns. The video concludes with a cautious outlook on the UK economy, emphasizing the need for a soft Brexit scenario to improve economic conditions.

What factors are contributing to the increasing inflation in the UK economy?

How has the depreciation of the sterling affected real incomes?

What uncertainties is the UK economy facing due to Brexit negotiations?

What are the implications of a potential downturn in the UK economy?

What is the current stance of the Bank of England regarding inflation and growth forecasts?