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UK Catches Inflation Break, Teeing Up More BoE Cuts
There are fantastic things happening in the UK macro space. Did you hear?
Headline inflation on an island which lorded it over the world until the army was humiliated by a gang of rebellious colonists with a murderous aversion to taxes, ran at just 1.7% last month, according to key data out Wednesday.
The ONS release was good news for the Bank of England. This is the first time headline inflation printed below 2% since April of 2021.
Needless to say, rate-cut wagers were emboldened. The BoE
Looks like Great Britain is entering post covid/post Brexit space. Will be interesting to see what happens. Given low growth potential there, it would seem to suggest interest rates will decline further.
Luckily you only need plane tickets if you have somewhere to go.
Sorry, I was unable to curb my sarcastic impulses.