The recent upward march in CPI inflation paused for breath in August, with CPI inflation staying at 3.8%. Even so, as inflation will probably rise above 4.0% in September, the Bank of England won’t do anything other than leave interest rates on hold at 4.00% tomorrow and we doubt it will cut rates in November either.
We’ll be discussing the outlook for Bank of England, Fed and ECB policy in an online Drop-In at 3pm BST on 18th September. (Register here.)
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