Reported 3 days ago
Traders have decreased their expectations for interest-rate cuts by the Bank of England following new data showing persistent inflation, with UK consumer prices reaching an eight-month high. The likelihood of a third quarter-point cut has fallen to 10%, prompting a cautious outlook from market analysts. Current inflation data reveals a stubborn services inflation rate at 5%, reinforcing the BOE's cautious stance, which has limited gilts' performance and affected bond yields.
Source: YAHOO