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UK inflation data continues to pile on the pressure on the BOE

Let's cut right to the chase. This is not the report that BOE governor Bailey was hoping for when he said that "inflation has turned the corner" in his remarks yesterday.Sure, headline annual inflation may have dropped but that owes much to base effects adjustment as you can see by the details below:The largest contributor to the decline was housing and household services, which owes to a steep fall in gas and electricity prices. ONS also clarified this as they mention that the fall is largely b... Read More

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Inflation

Data

Continues

Pile

Pressure

Forex

Posted: May 24 2023, 06:25

Author Name: forexlive

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