Intraday Market Thoughts
UK Inflation Hit BoE Target
by
Jan 14, 2014 12:39
UK December CPI hit the Bank of England's 2.0% target for the 1st time since Nov 2009 when it hit 1.9%. The last time the 2.0% was hit was in April 2006. With inflation at 2.0% (down 61% from 2011 highs) and unemployment at 7.4% (down 24% from 2011 highs), the BoE is the only G7 central bank attaining its inflation target along a clear downward trajectory in unemployment. More analysis
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Act | Exp | Prev | GMT |
---|---|---|---|
CPI (m/m) | |||
0.4% | 0.5% | 0.1% | Jan 14 9:30 |
CPI (y/y) | |||
2.0% | 2.1% | 2.1% | Jan 14 9:30 |
Core CPI (y/y) | |||
1.7% | 1.8% | 1.8% | Jan 14 9:30 |
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