Higher and Higher
by AIB Treasury Economic Research Unit
- Inflation remains a key aspect of the discourse on the global economic outlook and the trajectory of interest rates.
- Speculation had intensified in the lead up to the meeting that the BoE would hike by 50bps, rather than by 25bps as previously anticipated.
- The BoE’s meeting statement or minutes did not provide any specific guidance on the future path of UK interest rates.
- In this regard, the focus of this week’s macro calendar will be the release of Eurozone and US inflation data.
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