Surveillance: BOE Lifts Rates to 5.25%
Bloomberg Surveillance
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The Differences Between the UK, the Eurozone, and the American Economy
The UK labor market is particularly tight. Part of that has been COVID related. In July, we'll see a big drag from energy bills being cut. But it's the labor market and core services issues, wage pressures, industrial action. All of this is quite a heady combination. So it's going to make it very challenging unless there is a recession that helps trigger this further deceleration in core prices.
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