Sharp Drop In U.K. Inflation Green Lights Christmas Rate Cut
Summarize this article with:
ING Economic and Financial Analysis4.96K FollowersFollow5ShareSavePlay(4min)CommentsSummaryNovember’s drop in UK inflation is just the latest sign that price pressures are abating and that the Bank of England has more work to do.Services inflation slipped a couple of tenths of a percentage point to 4.4% – a drop from 5% in July.We expect a rate cut on Thursday and two more next year. Gary Yeowell/DigitalVision via Getty Images By James Smith, Developed Markets Economist, UK Christmas has come early for the doves at the Bank of England, with inflation coming in well below expectations in November. Headline CPI slipped back from 3.6% to 3.2% – and theThis article was written byING Economic and Financial Analysis4.96K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.