UK inflation surprises, next move by BoE may be sooner

19 September 2018

 

The Bank of England took a second step in normalising UK interest rates when it raised its Bank Rate from 0.50% to 0.75% in early August. It started the process in November 2017 as the UK’s unemployment rate moved further below 5% and core inflation moved above 2.5%. The UK’s latest inflation figures suggest the BoE is likely to continue on its current path despite some reservations arising from the...

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