While the pound's recent appreciation against the US dollar doesn't materially change the outlook for UK CPI inflation, the Bank of England will welcome a bit more disinflationary pressure. But one risk is a bigger rise in oil prices prevents interest rates from falling from 3.75% now to 3.00% this year as we expect.
We’ll be discussing the outlook for Bank of England, Fed and ECB policy in a 20-minute online Drop-In at 3pm on Thursday 5th February. (Register here.)
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