Will Steady UK Inflation Mean an Extension of Rate Pause?

Bloomberg Quicktake published this video item, entitled “Will Steady UK Inflation Mean an Extension of Rate Pause?” – below is their description.

UK inflation remained steady in September, disappointing Bank of England hopes for a downward move and putting its future rate-hike strategy in doubt. After 14 consecutive interest rate hikes, will the Bank leave interest rates at their 15-year high for the foreseeable future? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight

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In This Story: Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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