- The latest UK inflation data shows indicators of inflation persistence still a bit higher than BOE expected in May
- Cannot rule out next interest rate cycle will get back to 0 lower bound and need to have room for new QE
Does he mean 0%…HMMM. I thought those days were over?
He adds:
- The impact of bank rate increases taking quite a bit longer to come through than expected
This article was written by Greg Michalowski at www.forexlive.com. Source