Focus on BOE's view of inflation - 7IM

TipTV Business

Wage squeeze has worsened in the UK with the cost of living as represented by the consumer price index (CPI) having risen to a 4-year high of 2.9% in May. The central bank, in its quarterly inflation report, released early last month had said the inflation would top out in late 2017 around 2.8%. Ben Kumar from 7IM says we need to focus on whether the BOE still views this spike in inflation as temporary.

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