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MUFG sees aggressive BOE rate hike amid surging UK inflation; 4 key takeaways

MUFG sees aggressive BOE rate hike amid surging UK inflation; 4 key takeaways
MUFG discusses the possibility of a more aggressive monetary policy tightening by the Bank of England (BoE) in response to a concerning inflation print in the UK.Here are the key takeaways from the text:High Inflation: The May Consumer Price Index (CPI) in the UK showed an increase of 0.7% month-on-month, which was higher than the expected 0.4%. Consequently, the annual inflation rate remained at 8.7% instead of declining to 8.4% as was anticipated. Additionally, core inflation, which excludes t... Read More
Posted: Jun 21 2023, 19:48
Author Name: forexlive
Views: 081139

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