Image:
'We would not push back against market pricing of a 6% terminal Bank Rate and think rate cuts are unlikely until late 2024.'
UK Consumer Price Index (CPI) has fallen further than expected in June, with the Office for National Statistics registering a reading of 7.9% compared to economist predictions of 8.2%, but the UK remains at odds with other developed nations.
Core inflation also came in below expectations, with a reading of 6.9% compared with predictions of 7.1%. While both measures have offered a positive surprise, investors, economists and the chan...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
