BOE’s Pill: There are risks on both sides of UK inflation

  • Risk inflation may fall below target in years
  • There are also risks the UK hasn’t raised rates enough
  • Food inflation is longer-lasting than past spikes
  • Food price inflation will fall to 10% this year

He isn’t offering much here but there isn’t the kind of rhetoric that would normally come with a path to 6%. Right now the terminal top is pried at 5.7% with a 65% chance of a 25 bps hike at the Sept 21 meeting.

This article was written by Adam Button at Source