****PLEASE SHARE AND HELP TO SPREAD THE WORD OF PROPENOMIX****
This week in the ONLY agenda-free UK Property and Macroeconomic roundup:
The deep dive has no choice - there’s the most fundamental switch in approach from one of the Bank of England’s Monetary Policy Committee members that there has been in - a LONG time - and it needs discussion at an appropriate level. Does it mean that interest rates are dropping faster than some misery guts - Propenomix included - have been saying?
We also have, in the Macro section:
The Halifax House Price Index
The PMIs - my darlings of the real time economy
The BBA mortgage rate
The gilts and swaps - a week for the scrapbook.
And in the deep dive......
Rachel seemed to get buried again this week as the rhetoric all swung to what loyal readers and listeners to the Supplement already knew - as I’ve been screaming - these incredibly positive growth forecasts need to come DOWN. She was naive to claim that little victory last week when the IMF upgraded the UK growth forecast from 1.7% to 1.8% as the Bank of England DOWNgraded it massively in their most recent forecast (interestingly, to exactly where I predicted it would be around 2 months ago). But does the whole story add up? Does my version of it all add up? I run the ruler over it, in detail, on the back of the Bank of England Monetary Policy Report - a quarterly event, which led to a 0.25% cut in the Base Rate on Thursday.
What you know at the end is - as ever-present, we will be Keeping Calm and Carrying On throughout 2025 - We will get there, responsibly, even if we have to cope with the slings and arrows of outrageous policy, productivity and growth numbers!
Enjoy
Workshop tickets: bit.ly/pbw6
Deal-finding course: bit.ly/sourcingsolved2025
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