Eco­nomic week ahead

The Daily Telegraph - Business - - Business -

The most high-pro­file gath­er­ing of the cen­tral bank­ing cal­en­dar is on next week. An­drew Bai­ley will “at­tend” the Jack­son Hole sym­po­sium, hosted by the Fed­eral Re­serve Bank of Kansas City, vir­tu­ally on Fri­day. The theme is “Nav­i­gat­ing the decade ahead: im­pli­ca­tions for mon­e­tary pol­icy”. Economists are look­ing for any tips from the Bank of Eng­land Gov­er­nor on quan­ti­ta­tive eas­ing or neg­a­tive in­ter­est rates, as well as an up­date on his as­sess­ment of the state of the econ­omy. In many ways the UK has bounced back as pre­dicted by Andy Hal­dane, the Bank’s chief econ­o­mist, who said it was “so far, so V”, mean­ing a rapid re­turn to­wards pre-pan­demic GDP. Hal­dane is speak­ing on Wed­nes­day. Business sur­veys from the CBI and Lloyds will shed more light on progress made by the pri­vate sec­tor. Mean­while, the ONS has num­bers on peo­ple chang­ing oc­cu­pa­tions through the first half of this year. On Wed­nes­day it pub­lishes fig­ures on the num­ber of work­ing and work­less house­holds through the height of the pan­demic, while on Thurs­day its quar­terly mi­gra­tion re­port will show how many peo­ple man­aged to move coun­try through the lock­down.

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