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Interest & Exchange Rate Forecast
- 13th January 2012
- Interest & Exchange Rate Forecast (PDF 55KB)
2012 starts where 2011 finished - a developed world struggling with weak demand, surplus capacity and considerable uncertainty. As such, further loosening of monetary policy is expected in 2012, though neither the Bank of England or the European Central Bank opted for a change at their January meetings. We don't expect any policy change from the US Federal Reserve when it meets later this month either, given tentative signs of improvement across the Atlantic. We are likely to see further weakness in the euro as the Eurozone crisis continues to dent confidence.
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