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UK think tank says UK inflation to remain well above target - see a BoE rate hike today
Reuters reporting on new economic forecasts published by the UK's National Institute of Economic and Social Research (NIESR): estimated annual consumer price inflation will be 5.4% in the final quarter of 2023 - well above forecasts from the Bank of England of 3.9%NIESR projected full-year consumer price inflation would be 7.4% in 2023 and 3.9% in 2024NIESR expects the BoE to raise its key interest rate later on Thursday to 4.5% from 4.25%, in what would be its 12th consecutive rate increaseBoE...
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Posted: May 10 2023, 23:09
Author Name: forexlive
Views: 111469