UK inflation hit an 11-year high in June of 3.8% compared to 3.3% in May. Analysts believe this fu...
UK inflation hit an 11-year high in June of 3.8% compared to 3.3% in May. Analysts believe this further reduces the chance of a much-needed UK rate cut to bolster equity markets since it is far above the MPC’s 2% inflation target. The RPI index of inflation was at 4.6% in June compared to 4.3% in May.
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