State of Play. 17 August 2023
This week represents an important week for the Bank of England. The latest inflation data from the Office for National Statistics (ONS) is expected to show that rising prices are continuing to ease in line with expectations, while wages are rising faster than the bank would ideally like. Last week, the UK Economy grew more than forecast in the second quarter of this year, but with warnings of strong headwinds on the road ahead. What does all of this mean for policymakers and how might this impact savings and investments in the weeks and months ahead?
Simon Durling, Santander Asset Management UK’s senior investment specialist shares his thoughts in this week’s State of Play.