- The Bank of England seeks to achieve its inflation target without hurting output
Market prices estimate the chances of raising interest rates in November at about 50%. If oil stays low here, the effects of the war should wear off quickly, so we’ll see where inflation falls by Q4.
The British pound rose 6 pips to 1.3352 today and these comments will not move it.
In other UK news, Andy Burnham announced that he will retain the triple lock.
This article was written by Adam Paton on Investinglive.com.
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