23 Mar 2015
UK economy improving markedly - ANZ
FXStreet (Guatemala) - Analysts at ANZ explained that it’s important to highlight that economic activity in the UK has improved markedly following the pause in austerity measures over the past two years.
Key Quotes:
"The first phase of fiscal consolidation undertaken from 2010-12 was synchronised with the BoE, in which tighter fiscal policy was partly offset by looser monetary policy settings via the Bank’s quantitative easing programme."
"While the macroeconomic backdrop is much more robust in 2015 than 2010, the fiscal/monetary policy mix looks more unfavourable, given the prospective simultaneous tightening of both fiscal and monetary policy."
Key Quotes:
"The first phase of fiscal consolidation undertaken from 2010-12 was synchronised with the BoE, in which tighter fiscal policy was partly offset by looser monetary policy settings via the Bank’s quantitative easing programme."
"While the macroeconomic backdrop is much more robust in 2015 than 2010, the fiscal/monetary policy mix looks more unfavourable, given the prospective simultaneous tightening of both fiscal and monetary policy."