‘Stuff of nightmares’: Hold interest rates, City AM Shadow MPC says

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City AM's Shadow MPC has called for interest rates to be held. Interest rates should be left unchanged in April but the future path of monetary policy could be unclear, City AM’s Shadow Monetary ...

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Interest rates should be left unchanged in April but the future path of monetary policy could be unclear, City AM’s Shadow Monetary ...</p>\n\n<a href=\"https://www.cityam.com/interest-rates-hold-shadow-mpc/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Stuff of nightmares’: Hold interest rates, City AM Shadow MPC says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Stuff of nightmares’: Hold interest rates, City AM Shadow MPC says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-28 17:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/interest-rates-hold-shadow-mpc/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>City AM's Shadow MPC has called for interest rates to be held. Interest rates should be left unchanged in April but the future path of monetary policy could be unclear, City AM’s Shadow Monetary ...</p>\n\n<a href=\"https://www.cityam.com/interest-rates-hold-shadow-mpc/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0122376428.USD","symbol_name":"贝莱德世界能源基金A2","start_time":0,"source_url":"https://www.cityam.com/interest-rates-hold-shadow-mpc/","article_id":"2630724823","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/04/bailey-boe-copy-4.jpg?w=400&h=225&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/interest-rates-hold-shadow-mpc/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2630724823","pubTimestamp":1777367476,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"City AM's Shadow MPC has called for interest rates to be held. Interest rates should be left unchanged in April but the future path of monetary policy could be unclear, City AM’s Shadow Monetary Policy Committee has suggested.A group of City economists and academics has called for interest rates to be left at 3.75 per cent on Thursday, citing the risk of higher inflation due to trade disruption across the Strait of Hormuz.Mock policymakers in the Shadow MPC, who responded independently from their respective organisations, voted 8-1 in favour of keeping interest rates unchanged though participants gave contrasting views on the future path of monetary policy.Economists have come across conflicting economic figures over April, making the Bank of England’s upcoming decision on interest rates more difficult.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0122376428.USD":"贝莱德世界能源基金A2","IE00BMQBXF63.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) INC A","IE00BZ18W340.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) ACC","MPC":"马拉松原油","CHCO":"City Holding Company","BK4588":"碎股","BK4138":"石油与天然气的炼制和营销","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4211":"区域性银行","IE00BZ18W456.USD":"BNY MELLON GLOBAL INFRASTRUCTURE INCOME \"B\" (USD) INC","BK4144":"石油与天然气的储存和运输","AM":"Antero Midstream Corporation","BK4585":"ETF&股票定投概念","LU0266512473.USD":"JPM GLOBAL NATURAL RESOURCES \"C\" (USD) ACC","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC"},"translate_title":"“噩梦般的事情”：金融城影子货币政策委员会表示维持利率不变","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AM":1.5,"MPC":1.5,"CHCO":1.5},"content_text":"City AM's Shadow MPC has called for interest rates to be held. Interest rates should be left unchanged in April but the future path of monetary policy could be unclear, City AM’s Shadow Monetary Policy Committee has suggested. A group of City economists and academics has called for interest rates to be left at 3.75 per cent on Thursday, citing the risk of higher inflation due to trade disruption across the Strait of Hormuz. Mock policymakers in the Shadow MPC, who responded independently from their respective organisations, voted 8-1 in favour of keeping interest rates unchanged though participants gave contrasting views on the future path of monetary policy. Economists have come across conflicting economic figures over April, making the Bank of England’s upcoming decision on interest rates more difficult. \n\nOfficial data suggested the UK economy grew more than expected in the first quarter of the year while pay rise expectations have also ticked up. This has fuelled concerns that higher wages could push up price growth, and vice-versa. \n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nInflation ticked up to 3.3 per cent in March, in what was the first sign of the impact of the Iran war on UK prices, though some economists have suggested that a weakened labour market has over the last 12 months could ease price pressures.  Government ministers have warned that the effects from the war would be felt over the whole year, further complicating any monetary policy decision by the Bank.  Interest rates dilemmaRuth Gregory, who is the deputy chief UK economist at Capital Economics, said the upcoming vote for the Bank of England was the “stuff of nightmares” as recent data had provided a messy picture of the economy. \n\n“The situation requires walking a fine line between keeping market rate expectations high enough to contain inflation expectations, but not so high as to damage economic growth,” Gregory said. She added that the Bank should avoid “dialling up the hawkish rhetoric”. The comment refers to the shock to markets last month after minutes from last month’s MPC meeting prompted traders to price in three interest rate hikes. Short-term gilt yields later dropped to 4.1 per cent, which is equivalent to around one interest rate hike, but have climbed back up to over 4.4 per cent in the last week, with the ceasefire between the US and Iran remaining on shaky ground. \n\nFormer MPC member Jonathan Haskel, who is a professor at Imperial College Business School, was the only member of City AM’s Shadow MPC to call for interest rates to be hiked. Haskel said raising interest rates at an earlier point in time would be more effective in signalling the Bank’s commitment to keeping inflation as close to its target two per cent rate as possible. Anna Leach – Institute of Directors, chief economistVote: Hold interest ratesWhat has influenced your decision?“The growth and inflationary environment in the UK has changed markedly. Inflation is expected to be notably higher in the coming year but accompanied by lower growth. Already the balance may be tilting towards greater inflationary risk. \n\n“Data from the Bank’s decision-makers panel provides reasons to believe the labour market may be more resilient than feared and price pressures greater. According to the data, two thirds of firms are expecting to push up prices in response to higher energy prices, while a similar proportion are expecting to make no changes to their workforce. “This may increase the likelihood of the dreaded second-round effects, and worsen the stagflationary challenge for the Bank of England.”Ben Ramanauskas – Policy Exchange, senior research fellow in economicsVote: Hold interest ratesWhat has influenced your decision?“The crisis in the Middle East has already started to have an impact on headline inflation and this is set to increase in the short-term. However, given that the labour market remains loose, wage growth has stalled, and money supply growth is at normal levels, we should not expect inflationary second-order effects or above target inflation to persist. “The more pronounced risk from the crisis is that it further erodes business and consumer confidence, leading to firm closures and even higher rate of unemployment, with the possibility of recession.“The Bank should look through this supply side shock and hold for now but with a much more dovish statement than last time and signal that it is prepared to resume its cutting cycle to support the economy.”Jack Meaning – Barclays, chief UK economistVote: Hold interest rates","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2630724823","isCrawlerRequest":true}