Moneyfarm’s Chief Investment Officer Richard Flax gave his expert commentary on UK growth data to The Wall Street Journal earlier today.
“The better-than-expected growth figures will likely give the BOE some comfort that raising interest rates to fight inflation hasn’t yet pushed the economy into recession,” said Richard, in a wide-ranging article which you can read here.
In it, Richard focuses on some key issues for the UK economy in light of the newly published data, including the impact on BoE monetary policy decision-making and UK gilt yields.
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