Inflation numbers may give a clue about the Bank of England’s direction in terms of interest rates
It is expected that tomorrow, Wednesday, the decline in inflation in Britain for the month of April will be announced at the fastest pace in more than 30 years.
It is noteworthy that inflation figures may give an indication about the Bank of England’s direction in terms of interest rates and whether they will be fixed temporarily after a series of increases.
BoE Governor Andrew Bailey recently confirmed that the Monetary Policy Committee will adjust interest rates as necessary to bring inflation back to a sustainable target over the medium term.
It is worth noting that data from Britain’s Office for National Statistics showed that consumer price inflation in the country fell to 10.1% in March from 10.4% in February.
2023-05-23 11:47:43
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