
UK interest rates, GBP/USD and other key markets with OANDA’s Craig Erlam
UK Investor Magazine
00:00
The Impact of Core Inflation on the Interest Rate
If headline inflation falls from 8.7 to 6.7 in the next couple of months, but core inflation remains above 7%. Now, I think interest rate expectations remain broadly the same. Wages are still far below what inflation is. We need to see more sustainable services inflation if we are going to get back to 2% on a sustainable base and the microfingling is going to stop hiking.
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