UK February CPI +3.4% vs +3.5% y/y expected ...Middle East

Prior +4.0%Core CPI +4.5% vs +4.6% y/y expectedPrior +5.1%The softer readings here should rebuff expectations for an August rate cut. Coming into the report, the odds of that were at ~97% while traders were pricing in ~66 bps worth of rate cuts for this year. We'll see how that changes when the rates market opens later.As for the details, ONS says that the largest downward contributions to the annual inflation change was from food prices and restaurants and cafes. This article was written by Justin Low at www.forexlive.com.

Hence then, the article about uk february cpi 3 4 vs 3 5 y y expected was published today ( Wednesday 20/03/2024 - 10:04 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UK February CPI +3.4% vs +3.5% y/y expected )

Also on site :

• Doing This One Thing on Vacation is Seriously Stressing Your Pets Out
• Baker of Meghan and Harry's Wedding Cake Shared Cute Reason Why Royal Couple Chose Lemon and Elderflower Flavor
• ‘Paranormal Activity’ Producer Steven Schneider Developing Hybrid AI Horror Film ‘Terrarium’ With Artlist & Secret Level