Weekly Economic Perspectives

BoE Delivers Largest Rate Hike in 27 Years


Chief Economist
Investment Strategist
Economist

The Economy

  • Blockbuster US employment report keeps hawkish rhetoric alive.
  • Canadian unemployment steady at record low.
  • The BoE hikes 50 basis points.
  • Mixed industrial production data in the eurozone.
  • Wage growth accelerates in Japan.
  • RBA delivers another 50 basis point hike.

Spotlight On Next Week

  • US inflation to retreat thanks to lower gasoline prices.
  • UK economy likely contracted in Q2.

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