UK Inflation Hits 5-Month High. Will the Bank of England Hike or Hold?
UK inflation rose to 3.1% in August from 2.9% in July, the highest reading in five months. The Bank of England decides on interest rates one day later. The same shock is showing up elsewhere. Energy costs tied to the Middle East conflict have lifted inflation across major economies over recent months. A Fuel Problem The post UK Inflation Hits 5-Month High. Will the Bank of England Hike or Hold? appeared first on BeInCrypto.
Key Takeaways
- UK inflation rose to 3.1% in August from 2.9% in July, the highest reading in five months.
- The Bank of England decides on interest rates one day later.
- The same shock is showing up elsewhere.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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