EPISODE · Jul 17, 2024 · 3 MIN
What are the key contributors to sticky services inflation? | Morning Markets
from True Potential Morning Markets · host True Potential
Today, Chris Leyland, Director of Investment Strategy, looks at the new UK inflation data and what it may say about the potential direction of interest rate policy. Services inflation remaining sticky at 5.7% could be a sign for concern with the largest upward contributions coming from the cost of restaurants and hotels. The Bank of England will be watching this figure with a keen eye as it looks to bring in the first interest rate cuts.
What this episode covers
Today, Chris Leyland, Director of Investment Strategy, looks at the new UK inflation data and what it may say about the potential direction of interest rate policy. Services inflation remaining sticky at 5.7% could be a sign for concern with the largest upward contributions coming from the cost of restaurants and hotels. The Bank of England will be watching this figure with a keen eye as it looks to bring in the first interest rate cuts.
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What are the key contributors to sticky services inflation? | Morning Markets
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