UK: CPI inflation to have hit 3.0% y/y in Sept – RBC CM
|Analysts at RBC Capital Markets forecast UK CPI inflation to have hit 3.0% y/y in Sept, up from 2.9% y/y last time and a full percentage point above the BoE’s target, though just short of the level required to write a letter discussing corrective action.
Key Quotes
“Our economists expect that letter to have to be written after the next inflation print, but in any case given the BoE is effectively priced for a hike in November, the corrective action is already en route to being taken and unlikely to support GBP further.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.