The MPC is unlikely to hike rates this summer, held back by deterioration in company liquidity, according to New Star's chief economist Simon Ward.
Ward explained that markets are now discounting two quarter-point rate rises in the UK over the next year but monetary trends show policy is already restrictive. "The foundations of the current inflationary...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions