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24th Aug 2022 13:33U.K., Daily Monitor

Sterling has dropped, despite a sharp rise in Bank Rate expectations, because expected inflation has soared.

But the MPC will have flexibility if, as we expect, core inflation falls, boosting the expected real rate.

We expect the U.S. Fed to be more cautious than investors expect, easing some of the pressure on the MPC.

brexit core cpi core cpi inflation cpi cpi inflation depreciation euro fed headline rate imports interest rate liquidity March mpc natural gas oil oil prices ois ois rates rpi sterling trade u.s. winter

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Keywords for: 25 Aug 2022 UK Monitor

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