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
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