UK inflation rate rises to 3.4% in year to Dec.
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Inflation overshot forecasts pencilled in by economists, sending the Bank of England a warning on their steady pace of interest rate cuts. New data published by the Office for National Statistics (ONS) has shown consumer price index (CPI) inflation,
Inflation in the United Kingdom’s economy continued to be above the Bank of England’s target in December at 3.4%.
Bank of England interest rate-setter Megan Greene said on Friday she remained worried about signs of the pace of wage growth ahead and inflation expectations while a slowdown in the labour market appeared to be gradual.
Consumer price inflation (CPI) in the UK surprised markets by rising to 3.4 percent in the year to December, up from 3.2 percent in November. This reading marke
The latest rise in UK inflation - from 3.2% to 3.4% in December - shouldn't last. We expect headline CPI to get to 2% and temporarily dip below in April. That should unlock further rate cuts
Trump has repeatedly demanded the Fed lower interest rates, criticizing its Chair Jerome Powell for being too late.
LONDON, Jan 14 (Reuters) - Interest rates set by the Bank of England should continue to fall as inflation is likely to settle around the central bank's 2% target soon, BoE policymaker Alan Taylor said on Wednesday.