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Financial conditions tightened over June

Cameron Martin Economist, CBI

We unpack recent developments in financial markets and what they mean for the economy and businesses.

10 Jul 2023, 3 min read

Financial conditions tightened over June, driven by an appreciation of the pound, rising interest rates and falling bond prices. A higher-than-expected inflation reading for May (8.7%), released the day before the June meeting of the Bank of England’s Monetary Policy Committee, persuaded policymakers to step up the pace of monetary tightening, with the key policy rate rising by 50 basis points (to 5%) on June 21st. This led to a re-pricing of financial assets in late June, with market expectations for fu

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