Wednesday, June 19, 2024

Inflation Hits 2%


 

In May CPI fell to 2%. Under normal circumstances we would expect the Bank of England to reduce rates tomorrow. However, because we are in the middle of an election, the Bank may well put off any change until after the election in order to avoid being caught up in a political row.

This of course makes Sunak's decision to call an election, before the rate cut, completely barking!

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