Weekly Economic Briefings > Uk Weekly Economic Briefing

The last weeks economic data illustrated an economy distinctly lacking in inflationary pressures. So it was unsurprising that Mark Carney chose to backtrack on some of his more hawkish statements of 2015.Investors have taken the implications a prolonging of the period of ultra-low interest rates to heart, with expectations for a rate hike pushed back to the end of 2017. But that the economy is judged to be still too weak to cope with a rate rise until so far into the future, seven years after the recession ended, sends a gloomy message.