[ad_1]
Article content
.
Article content
The National Statistics Office said on Wednesday that consumer prices rose by 3% a year ago and accelerated from 2.5% in December. It was more than 2.8% of the Economists and UK Bank’s forecast.
Article content
Statistics are cautious in BOE in reducing interest rates to support a bad economy. As Governor Andrew Bailey has reduced the threat from the expected increase in inflation this year, officials say that the “second round effects” cannot be rejected. BOE expects inflation to reach 3.7% in the third quarter at the back of energy expenditures.
Pricing in the service sector – Boe was closely observed by Boe for signs of locally created stresses – raised from 4.4% to 5% last month. BOE predicts the inflation of services is 5.2%. After the report, the pound was miserable and trade was converted to 26 1.2616.
The latest launching BOE pushs inflation from 2% of the target of BOE, and is expected to be continued by further increase in energy bills this year. On Tuesday, Energy Consulting Cornwall Insight Limited predicted another increase in the Energy-Pricing Cup in April, which indicates the third quarter of the gas and electric bills for homes.
The central bank has reduced interest rates for the third time since the beginning of this month, but warned that further reduction will be “gradually and carefully”. Cash markets are priced up to 4%of two more reductions this year.
The case for a cautious approach was supported by statistics on Tuesday, showing eight -month higher wage growth in the fourth quarter and the employment market is stronger than expected. Tax data shows that the number of wage employees rose in January, and is less than 20,000 due to the increase in national insurance and minimum wage for labor first budget companies.
Share this article on your social network
[ad_2]
Source link
