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News Release

London

JLL reacts to ‘Super Thursday’ Bank of England announcement


Commenting on today’s inflation and interest rate announcements from the Bank of England, Andrew Burrell Head of Forecasting at JLL said: “It’s interesting that the MPC are not as split on the interest rate rise vote as some might have expected, which means it’s unlikely that rates will rise before Q1 next year.  Despite wage rises and a recovering UK PLC, a ‘muted’ inflation forecast and global economic headwinds mean that investors still have a couple more quarters of ultra-cheap money ahead. It appears to be less ‘Super Thursday’ and more  ‘Circumspect Thursday.