Another Bad UK Inflation Print Signals Higher Rates Still: Recession Incoming?

Ahead of the Bank of England cash rate decision tomorrow, the latest CPI numbers were hotter than expected, with core CPI higher. As a result, expectations for rate hikes have taken off, with a prospective terminal rate of around 6%, the highest in years.

Added to the growing defecit and the prospect of a recession, and it seems the UK is at the worst end of the inflation drama!

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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