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UK stagflation risk adds pressure on Reeves after market volatility
British inflation figures will be closely watched on Wednesday as a sharp jump in government borrowing costs, concerns about domestic and global price pressures and a weak economy put growing pressure on finance minister Rachel Reeves. Economists polled by Reuters expect the annual rate of consumer price inflation to remain at 2.6% in December. That is above the 2.5% which the Bank of England forecast in early November. Last month - following higher than expected November inflation data - the BoE said it expected inflation to increase slightly further in the near term. Services inflation, which the BoE views as a key ... (full story)
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- Posted: Jan 14, 2025 11:49pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,545
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