MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: US MAR PERSONAL INCOME +0.5%; NOM PCE +0.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: UK Inflation At Slowest Pace In 30 Months - ONS

(MNI) LONDON
(MNI) London

Both headline and core inflation slow in the UK offering some reassurance to BPE policymakers ahead of rate cuts expected later in the year.

Bank of EnglandPolicy NewsCentral Bank NewsCEEMEABriefUKStoryRegionBank Of England (BOE) Market News
True

UK inflation rose at the slowest pace in two-and-a-half years in February, data released by the Office for National Statistics on Wednesday showed, offering some relief to policymakers at the Bank of England ahead of expected rate cuts later in the year, although the pace remains well above the Bank's 2% target (see MNI BOE WATCH: March Hold Seen, Fresh Cut Clues Likely Sparse).

CPI rose by 3.4% in the 12 months to February, down from 4.0% in January, while core CPI (excluding energy, food, alcohol and tobacco) rose by 4.5%, down from 5.1%. tHE CPI goods annual rate slowed from 1.8% to 1.1%, while the CPI services annual rate eased from 6.5% to 6.1%

Keep reading...Show less
186 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

UK inflation rose at the slowest pace in two-and-a-half years in February, data released by the Office for National Statistics on Wednesday showed, offering some relief to policymakers at the Bank of England ahead of expected rate cuts later in the year, although the pace remains well above the Bank's 2% target (see MNI BOE WATCH: March Hold Seen, Fresh Cut Clues Likely Sparse).

CPI rose by 3.4% in the 12 months to February, down from 4.0% in January, while core CPI (excluding energy, food, alcohol and tobacco) rose by 4.5%, down from 5.1%. tHE CPI goods annual rate slowed from 1.8% to 1.1%, while the CPI services annual rate eased from 6.5% to 6.1%

Keep reading...Show less