We have revised down our forecasts for the 10-year Gilt yield in recognition of the fact that monetary policy in the UK is likely to be tightened even more gradually than we had previously anticipated. Our new end-2015 and end-2016 forecasts are 1.75% and 2.25%, respectively – reductions of 25bp each.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.