Market Talk Roundup: Rise in U.K. Inflation Could Limit Future BOE Rate Cuts

Dow Jones11-20 22:48

0717 GMT - A sizeable increase in U.K. inflation could stoke greater caution in the policy room at the Bank of England, says Suren Thiru of the Institute of Chartered Accountants in England and Wales. Consumer prices rose 2.3% last month, figures show Wednesday, rising from 1.7% a month earlier, as energy bills increased. That trajectory should continue upward, Thiru says, pointing to the government's spending plans and global trade pressures. With inflation staying above the BOE's 2% target well into the next year, the bank could prove less willing to make further rate cuts, he says in a note. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

November 20, 2024 09:48 ET (14:48 GMT)

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With inflation staying above the BOE's 2% target well into the next year, the bank could prove less willing to make further rate cuts, he says in a note. 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That could mean the central bank will need to keep interest rates higher for longer. The following is a selection of analyst comments.U.K.'s Trend of Slowing Inflation Could Be Coming to a Halt. 1109 GMT - Sterling might be driven by external factors in the near term given the absence of catalysts to alter market expectations for gradual Bank of England interest-rate cuts, Monex Europe's Nick Rees says in a note. The market's rate-cut expectations look \"a little to","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOE":"黑岩全球成长基金"},"translate_title":"市场谈话综述：英国通胀上升可能限制英国央行未来降息","themeId":"40af8c361aae767b889bc9978f2decb8","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOE":1},"content_text":"0717 GMT - A sizeable increase in U.K. inflation could stoke greater caution in the policy room at the Bank of England, says Suren Thiru of the Institute of Chartered Accountants in England and Wales. Consumer prices rose 2.3% last month, figures show Wednesday, rising from 1.7% a month earlier, as energy bills increased. That trajectory should continue upward, Thiru says, pointing to the government's spending plans and global trade pressures. With inflation staying above the BOE's 2% target well into the next year, the bank could prove less willing to make further rate cuts, he says in a note. 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