UK inflation falls faster than expected. Hard for the BoE to hike now.

Thursday 21st December 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUK inflation fell much faster than expected and more than the Bank of England predicted. NAB’s Gavin Friend in London says its clear that there will be no more rate hikes in the UK, reflected in markets today with a sharp rise in equities and a significant drop in bond yields. There was another Christmas gift in the US Conference Board’s consumer confidence read which showed heightened optimism for the new year. The only negative sign was, perhaps, a rise in the jobs plentiful index which could arguably delay the fall in wage growth. Meanwhile, the EU is clearly ready to move on from worrying about inflation to focusing on government debt, with finance ministers today agreeing that all member states should return to a debt to GDP ratio of 60%. Good luck with that! Hosted on Acast. See acast.com/privacy for more information.