Economic Insight Overview

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MPC Decision Commentary

12th January 2012

Monetary Policy Committee (MPC) keeps the Bank Rate unchanged at 0.5%

Comment from Fionnuala Earley, UK Consumer Economist:

A new year, but no new policy from the MPC. Inflation should begin to recede from the end of January as VAT falls out of the calculations, but domestic economic conditions are still weak with all the risk to the downside. With this background it still seems likely that the Bank of England will expand quantitative easing, but the time just isn't right yet.

Recent presentations

We have specialists in macroeconomics, business economics, emerging markets and research. They are focused on understanding economic trends and what they mean for us - and our customers - in the different markets and locations we operate in. Read our recent presentations below:

Where do we go from here? (ppt 2130KB) Glasgow, May 2011 Author: Fionnuala Earley, UK Consumer Economist (Read biography)

The Irish Economic Outlook (pdf 401KB) Presented in May 2011 Author: John Cummins, RBS Group Treasurer

What’s on an investor’s mind? (ppt 1243KB) Presented to Coutts in January 2011 Author: Stephen Blackman, RBS Group Economics (Read biography)

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