UK Inflation Falls Below Expectations, Pressuring BoE

UK Inflation Falls Below Expectations, Pressuring BoE

UK inflation eases less than expected, raising possibility of more rate hikes. April’s consumer prices rose by 8.7%, down from 10.1% in March but still highest among G7 countries. Economists anticipated a drop to 8.2%, further from October’s 41-year high. The Bank of England (BoE) projected 8.4% inflation for April. Bond prices dropped as investors bet on multiple rate hikes by year-end.

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UK Inflation Falls Below Expectations, Pressuring BoE
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UK Inflation Falls Below Expectations, Pressuring BoE
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UK inflation eases less than expected, raising possibility of more rate hikes.
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Reuters
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