The Bank of England won’t be able to ignore the smaller-than-expected fall in CPI inflation in April and the rebound in core inflation to a new 31-year high. We now think it will raise interest rates from 4.50% to 4.75% in June and perhaps a bit further in the months after too.
UK Drop-In (24th May): Will April CPI shift the UK inflation narrative? Join this 20-minute online briefing shortly after the data release to learn more. Register here.
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