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UK Consumer Prices (Aug. 2023)

The unambiguously good CPI inflation figures for August increase the chances that the Bank of England decides to leave interest rates at 5.25% tomorrow, but we still think one final 25 basis point (bps) hike to 5.50% is more likely.

Note: We’ll be discussing September’s Fed, ECB and Bank of England policy decisions in a Drop-In on Thursday, 21st September. Register here to join. 

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