UK Inflation (Aug)— Michael Brown (@MrMBrown) September 20, 2023
CPI (YoY): 6.7% vs. 7.0% exp. (prior 6.8%)
Core CPI (YoY): 6.2% vs. 6.8% exp. (prior 6.9%)
CPI (MoM): 0.3% vs. 0.7% exp. (prior -0.4%)
Core CPI (MoM): 0.1% vs. 0.6% exp. (prior 0.3%)
With the much better than expected inflation figures some people are expecting that the Bank of England will not raise rates tomorrow.
That would require intelligence and flexibility from Bailey and the dullards on the MPC!
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