UK August CPI +2.2% vs +2.2% y/y expected ...Middle East

forex live - News
UK August CPI +2.2% vs +2.2% y/y expected
Prior +2.2%Core CPI +3.6% vs +3.5% y/y expectedPrior +3.3%Coming into today, traders had been pricing in ~63% odds of the BOE keeping the bank rate unchanged tomorrow. And the inflation numbers here pretty much solidifies the notion that they will keep rates unchanged in September. That especially since services inflation ticked back higher from 5.2% in July to 5.6% in August.The BOE has pointed to services inflation being stubborn and a key one they're watching. So, with this report, it shouldn't change the view that they are looking for more evidence of less sticky inflation before further loosening the restrictiveness of monetary policy.GBP/USD is nudging just a little higher on the day t

Hence then, the article about uk august cpi 2 2 vs 2 2 y y expected was published today ( ) 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 August CPI +2.2% vs +2.2% y/y expected )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News