Bank of england minutes pointing to 2016 raise
The minutes from the last Bank of England monetary policy meeting have revealed there remains little dissent within the committee, with all members united in holding rates steady at 0.5%.
The minutes from the last Bank of England monetary policy meeting have revealed there remains little dissent within the committee, with all members united in holding rates steady at 0.5%.
The UK’s rate of inflation has dropped from 2.7% to 2.2% – its lowest rate since September 2012.
Consumer price inflation was unchanged over November, according to official figures, although it remains above target and could rise again in the coming months.
In a great day for TLAs, CPI, RPI and the IMF’s forecast for UK GDP have all dropped dramatically.
Record levels of CPI inflation may have been reached but at the same time there are distinct signs that this a trend downwards is just around the corner.
CPI inflation stayed at 4.5% in May and RPI at 5.2% as core inflation actually fell.