UK inflation remains at 3.8% as food prices slow for first time since March – Business Live | Work


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Rob Wood, chief economist at Pantheon Macroeconomics, said that the shock wave raises the possibility of an interest rate hike.

September was at the peak of this kind of pot, and it started to be weaker than the monetary committee (MPC) and we expected. 3.8% The power is acceptable for the MPC, almost double the target, and we expect a way up to 2% to happen.

Some issues mean that we should be careful with this release. The CPI was taken late, on September 16, compared to the date of September. The combination of biblertiction remains close to 4% and research shows that it will remain there until the fall. Erratic movements in other assets, and the surprise in rents that the MPC is looking at, will explain others about difficulties.

But the wolves do not fail to pass Dovish's final story. So the five pigeons in the committee will be gone. The rate cut by December looks now. We assume that the MPC will skip November with the rate of growth and show that they can afford to wait – and the November 26th session that appears to be waiting. We'll fill in more details today, but our first step is to bring our price jump from February to December. We're not throwing in the towel on our favorite things at Hawkish, as we say we think flying can be addictive. But doves on the MPC will want to lower prices if they can.





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