The latest inflation figures from the UK showed that whilst headline inflation dropped a bit thanks to the base effects relating to energy a year ago dropping out, core inflation and services inflation were higher than forecast (again). Markets reacted pushing the cash rate expectations higher. Once again it appears the Bank of England are behind the curve.
New Zealand meantime lifted their cash rate to 5.5%, in a market leading attempt to get inflation under control!
http://www.martinnorth.com/
Go to the Walk The World Universe at https://walktheworld.com.au/
