Donna Kehoe, agent for the South West, presented the BoE’s latest forecast for the UK economy – as set out in its latest Inflation Report – to directors and senior managers at some of the region’s leading banks, accountants, business support organisations and commercial property consultancies.
The update from the BoE comes exactly a week after its governor, Mark Carney, revealed that interest rates would increase from 0.25% to 0.5% - the first rise in more than 10 years.
The BoE – nicknamed ‘The Old Lady of Threadneedle Street’ – indicated that any future rises would happen at a slow and gradual pace, with the possibility of a couple more 0.25% rises over the next three years.
At the conclusion of the presentation, guests – which included Thrings partners Mike Tomlin and David Mears, and Lucia Fellino, the firm’s acting finance director - took part in a Q&A session about the current state of the UK economy and networking.
Donna Kehoe said: “It was great to speak to local business people at Thrings today and there were a number of stimulating questions raised afterwards.”
Mike Tomlin added: “Thrings is delighted to have welcomed the Bank of England to the Paragon. We hope that as a result of Donna’s interesting and informative briefing, directors and senior managers from across the South West now have a clearer understanding about the current and longer-term outlook for the regional and national economies.”
