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Bank of England: November hike added as UK inflation stays firm – Danske Bank

Reported · Written up by our desk · Major Pairs

Danske Research Team reports that UK headline CPI rose to 3.5% year-on-year in September, with core and services inflation also edging higher and exceeding Bank of England projections. On the back of stronger inflation and resilient activity, the bank now expects a BoE rate hike in November to reinforce inflation-targeting credibility.

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Sources

FXStreetBank of England: November hike added as UK inflation stays firm – Danske Bank

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