Retail price inflation in September made a surprising jump to 2.1% from 1.9% on an annualised basis ...
Retail price inflation in September made a surprising jump to 2.1% from 1.9% on an annualised basis according to new government figures. This has lead to renewed speculation about what the Bank of England's Monetary Policy Committee will do with interest rates when it next meets. Investors will not know until next Wednesday how close the MPC was to voting for a lower base rate at its last meeting at the beginning of October. Economists speculated after that meeting that rates could yet come down if economic news from the US got worse. However, since then a series of pos...
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