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

MNI BRIEF: Clarida Questions Relevance Of Fed's Reverse Repos

MNI BRIEF: BOC Calls Talk Of Normalizing Rates Lower Premature

BOC- HIGH CPI MEANS TALK ABOUT NORMALIZING RATES PREMATURE

Coming Up In The Asia-Pac Session On Thursday

EZ/UK Bond Supply Calendar: Italy to sell BTP / CCTeu on Thurs

US EIA: CRUDE OIL STOCKS EX SPR -7.49M TO 473.7M MAR 24 WK

MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

MNI BRIEF: UK Inflation Slows, But BOE Set To Hike 50bp In Feb

(MNI) LONDON
(MNI) London

Headline inflation slows in December, but core unchanged, underlining BOE's challenge in coming months.

Bank of EnglandCentral Bank NewsPolicy NewsHomepageEuropeBriefUKStoryRegionBank Of England (BOE) Market News
True

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.

Keep reading...Show less
129 words

To read the full story

Why Subscribe to

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.

Keep reading...Show less