UK Inflation Undershoot Prompts Traders to Ramp Up Rate Cut Bets --[Reported by Umva mag]

UK inflation slipped below the Bank of England’s 2% target for the first time in more than three years, spurring investors to bet on a quicker pace of interest-rate cuts in the coming months.

Oct 16, 2024 - 09:14

UK Inflation Undershoot Prompts Traders to Ramp Up Rate Cut Bets --[Reported by Umva mag]

(Bloomberg) — UK inflation slipped below the Bank of England’s 2% target for the first time in more than three years, spurring investors to bet on a quicker pace of interest-rate cuts in the coming months. Read More

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