U.K. Inflation Rises Further Above Bank of England Target
Consumer prices rose 3.5% in September compared with a year earlier, while investors expect the Bank of England to raise rates at its upcoming meeting.
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09:33:30 AM UTC
SquawkNews
U.K. underling inflation pressures are gathering pace, strengthening the case for two Bank of England interest-rate increases over the coming months, Sanjay Raja at Deutsche Bank says in a note. Headline CPI inflation rose to 3.5% in September, while core inflation increased to 2.8% and services in…
U.K. inflation moved further above the Bank of England’s target in September. Policymakers are preparing for a meeting at which investors expect the first interest-rate increase since the U.S.-Iran war began. Consumer prices climbed 3.5% in September compared with a year…