Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

UK inflation unexpectedly falls, raising questions about BoE rates plan By Reuters

by Index Investing News
September 20, 2023
in Financial
Reading Time: 2 mins read
A A
0
Home Financial
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: A employee arranges produce inside a Sainsbury’s supermarket in Richmond, west London, Britain, June 27, 2022. Picture taken June 27, 2022. REUTERS/Henry Nicholls

LONDON (Reuters) -British annual consumer price inflation (CPI) unexpectedly fell to 6.7% in August, official data showed on Wednesday, raising questions about how much higher the Bank of England will take interest rates a day before its next policy announcement.

Economists polled by Reuters had forecast CPI would rise to 7.0% from July’s 6.8% due to a jump in fuel prices and an increase in a tax on alcoholic drinks.

The surprise drop in the inflation rate pushed down sterling sharply against the U.S. dollar and the euro as investors scaled back their bets on future interest rate increases by the BoE.

The Office for National Statistics said the fall was driven by a drop in hotel prices and air fares, which are often volatile, and by food prices rising by less than at the same time last year.

The BoE said last month that it expected inflation in August would rise to 7.1% before falling sharply to around 5% in October which would still be more than double its 2% target.

Investors have expected the BoE to raise interest rates for the 15th time in a row on Thursday, taking Bank Rate to 5.5% from 5.25%. Many economists think that could be the last hike in the BoE’s tightening cycle as Britain’s economy slows.

Core inflation – which strips out volatile food and energy prices – fell by more than the headline rate to 6.2% from 6.9% in July. The Reuters poll had pointed to a reading of 6.8% in August.



Source link

Tags: BOEFallsinflationPlanquestionsraisingratesReutersunexpectedly
ShareTweetShareShare
Previous Post

UK inflation posts surprise fall to 6.7%

Next Post

Strange Patterns In Intraweek Returns – Part 1

Related Posts

Bangladesh courtroom begins first trial of Hasina-era officers

Bangladesh courtroom begins first trial of Hasina-era officers

by Index Investing News
May 25, 2025
0

Bangladesh started the primary trial on Sunday at a particular courtroom prosecuting former senior figures linked to the ousted authorities...

Junk bonds: CCC vs B unfold provides a warning signal for debt

Junk bonds: CCC vs B unfold provides a warning signal for debt

by Index Investing News
May 25, 2025
0

© 2025 Fortune Media IP Restricted. All Rights Reserved. Use of this web site constitutes acceptance of our Phrases of...

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

COVID-19 Information: Most instances in TN, Kerala, Karnataka, Maharashtra delicate, underneath house care, say sources

by Index Investing News
May 25, 2025
0

After the detection of COVID-19 instances in few southern and western states, the Union Well being Secretary was realized to...

Over 80% of corporations beat EPS estimates this week: Earnings Scorecard

Over 80% of corporations beat EPS estimates this week: Earnings Scorecard

by Index Investing News
May 25, 2025
0

Might 24, 2025 1:45 PM ETCOST, TGT, XLP, HD, HPQ, NVDA, CRM, AZO, LOW, MDT, ULTA, XLRE, DELL, XLCBy: Deepa...

Musk Vows to be ‘Tremendous Centered’ on Corporations Amid X Outages

Musk Vows to be ‘Tremendous Centered’ on Corporations Amid X Outages

by Index Investing News
May 24, 2025
0

Billionaire Elon Musk stated he must be “tremendous targeted” on his corporations, pointing to points at X as proof of...

Next Post
Strange Patterns In Intraweek Returns – Part 1

Strange Patterns In Intraweek Returns - Part 1

US DOJ Asks Judge To Extend Sam Bankman-Fried Trial

US DOJ Asks Judge To Extend Sam Bankman-Fried Trial

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Stop Crying and Buy Bonds

Stop Crying and Buy Bonds

October 31, 2023
Everyday Makeup Routine – Hollywood Life

Everyday Makeup Routine – Hollywood Life

February 8, 2024
Biogen lifts 2024 revenue forecast on hopes of recent product launches By Reuters

Biogen lifts 2024 revenue forecast on hopes of recent product launches By Reuters

August 1, 2024
U.S. Federal Reserve cuts rates of interest by one other quarter level

U.S. Federal Reserve cuts rates of interest by one other quarter level

December 19, 2024
Hawaiian Hometown Hero Iam Tongi Delights Again

Hawaiian Hometown Hero Iam Tongi Delights Again

April 17, 2023
Third spherical draw particulars, the place to observe & extra

Third spherical draw particulars, the place to observe & extra

December 2, 2024
Cardano Might Discover Robust Assist Degree Regardless of Bitcoin Headwinds

Cardano Might Discover Robust Assist Degree Regardless of Bitcoin Headwinds

June 14, 2022
Costco smoked salmon recalled over listeria fears

Costco smoked salmon recalled over listeria fears

October 25, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In