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Emeritus Prof Christopher May /
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2024-09-18 06:12:05

Emeritus Prof Christopher May on Nostr: Another month of pretty much on target inflation in the UK... Next step, ...

Another month of pretty much on target inflation in the UK...

Next step, sado-monetarists' bingo on why rates are unlikely to fall (yet):

a) still to early to say low inflation trend will continue;

b) some elements (services for instance) well above target rate;

c) shouldn't change ahead of a budget;

d) waiting to see how US-Fed plays it (see earlier post);

e) We need to see more pay restaint(s) first - citing Doctors' deal, perhaps?

f) permutations of some of the above.

#interestrates
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