NIESR sees UK CPI peaking at around 5% in Q2 2022

NIESR with their latest projections on the UK economy

• UK GDP to grow 6.1% in 2021
• UK GDP to grow 4.7% in 2022
• Expects inflation to take longer to fall back to target than BOE does
• Thinks that BOE will raise rates to 0.5% by Q2 2022, then pause once inflation peaks

For some context, the latest look at UK consumer inflation based on the September report:

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November 09, 2021 at 11:25PM

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