Interest and exchange rate forecast


Interest and exchange rate forecast

Ready, steady, taper

Economic Analysis

10 January 2014

The US Federal Reserve gave markets an early Christmas present with its decision in December to begin 'tapering' its quantitative easing programme. With last year's government spending cuts out of the way, the US appears primed for a year of strong economic growth, which should support the dollar against sterling.

The big news at home is the significant improvement in the labour market. As the unemployment rate edges ever closer to the Bank of England's 7% forward guidance threshold, we have brought forward our timing of the first interest rate rise. Meanwhile, across the Channel, the European Central Bank remains ready to act should the inflationary environment deteriorate much further.

interest-and-exchange-rate-forecast.pdf
Download the full forecast (PDF 67KB)

Latest news

Women and millennials help drive £17bn+ franchise sector to record levels

New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.

Winners announced for Skills & Opportunities Fund

52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.

RBS Multicultural Network meets Eric Holder, 82nd US Attorney General

Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.

Set Tab for lightbox