UK CPI Surprise May Mean More BOE Rate Hikes

動画公開日 : 2023-04-20 23:01:31

UK inflation remains lodged in double-figures, as the country struggles with soaring food costs and wage increases. Data for March of 10.1% year-over-year was well above the estimate of 9.8%. After three consecutive months of declines between November and January, expectations were high that the worst of the UK’s brush with inflation was over. However, February’s unexpected jump to 10.4%, and the higher-than-expected March figure may force the Bank of England into further interest rate hikes. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

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