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.
Headline inflation in the UK slowed in December, but still remains clearly above 10% and core inflation was unchanged at 6.3% year-on-year, underlining the challenge the Bank of England's Monetary Policy Committee will have in coming months.
CPI rose 0.4% m/m in December and 10.5% year-on-year, which was modestly slower than the 10.7% seen in November, the Office for National Statistics said Wednesday. However, core inflation, a measure of the underlying price pressures excluding mainly food and energy costs, was unchanged at 6.3%. Both numbers remain well above the BOE's 2% target rate.
The BOE next meets on February 2, with expectations of a further 50bps hike in the Bank Rate to 4.0% as policymakers continue with their inflation fight into 2023.
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.