You are here:

Doubts Starting to Surface About An August 2 Bank Of England Rate Hike

Doubts Starting to Surface About An August 2 Bank Of England Rate Hike

5 Months ago | July 22, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


June U.K. Inflation Data Miss Consensus Estimates Markets were surprised on Wednesday after the June CPI data fell short of street estimates. The month on month CPI was uchanged at 0.0% vs. estimates for a gain of 0.20% and the yr/yr reading was 2.40% vs. 2.60% estimated. Core CPI was 1.90% vs 2.10%. Headline CPI remained above its target, but well below the six year high of 3.10% set in November. Following the release, street probabilities for an August 2 rate hike fell to 74% vs. 83%. Some also are taking note of the recent declines in crude oil prices will

Please login to read full story. Register if not a member.

Archives 2018 | 2017 | 2016 | 2015 | 2014 | 2013
The message from the founder

Click Here

Review our featured articles

Click Here

The Latest Articles
  • Brexit Worries Won’t Fade More ..
  • Fed's Powell Confirms More Cautious Policy Path. Brexit Worries Persist More ..
  • U.K. PM May Hangs On By A Thread. Fed Chair Powell Less Hawkish More ..
  • U.S. Midterm Elections In As Expected. Fed Rate Decision Thursday More ..
  • U.S. Midterm Elections Loom; Chancellor Merkel Sets Her Departure More ..