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BOE's Bailey says expects a 'marked fall' in inflation next month

September inflation figures not far off what we were expectingCore inflation fell slightly from what we expected, that is quite encouragingWe will see more evidence of lower inflation by year-endPay growth still well above anything consistent with inflation targetOn the headline, it is mostly to do with base effects I would say as ONS does estimate that the rate of consumer price inflation in October 2022 was the highest in over 40 years. But at least the trend in food price inflation is helping... Read More

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Posted: Oct 20 2023, 05:56

Author Name: forexlive

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