We doubt that the combination of the rise in CPI inflation, from 2.9% in July to 3.1% in August and the leaps in energy prices in recent weeks are enough to prompt the Bank of England to hike interest rates tomorrow. But it makes us a little bit more nervous about our forecast that the Bank won’t raise interest rates at all.
We’ll be discussing the differences in the outlook for BoE, Fed and ECB policy in a 20-minute online briefing at 3pm on Thursday 17th September. (Register here.)
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