UK inflation rate rises to 3.4% in year to Dec.
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Inflation, which measures the rate of price increases over time, remains above the Bank of England's 2% target.
Trump has repeatedly demanded the Fed lower interest rates, criticizing its Chair Jerome Powell for being too late to cut.
Megan Greene said unanticipated rate cuts by the Fed would affect 10-year gilt yields, currencies and UK equity prices, leading to an overall loosening in UK financial conditions that would be likely to put upward pressure on inflation and outweigh the effect of a stronger pound.
Bank policymaker says faster US interest rate cuts could fuel UK inflation - Megan Greene said the Bank may have to react to monetary policy decisions abroad if they have a knock-on impact on UK price rises.
It is the last set of monthly inflation figures before the next interest rate decision on 5 February .
Megan Greene says apparent end to the decline in wage growth could hinder fight against inflation
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
Growing divergence between US and UK monetary policy could increase inflation risks in Britain and complicate the path of interest rate cuts, a Bank of England (BoE) policymaker has warned. Megan Greene said looser-than-expected policy from the US Federal Reserve would add to UK inflationary pressures,
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
LONDON, Jan 21 (Reuters) - Britain's main inflation measure sped up by more than expected to 3.4% in December from 3.2% in November, official figures showed on Wednesday. A Reuters poll of economists had shown a median forecast of a rise in consumer price inflation to 3.3%.