Tag: Abdn PLC
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A ‘cocktail’ of sticky inflation and a tight labor market boosts bets on Bank of England rate hikes
According to data from Refinitiv, the market probability of a further 25 basis point increase rose to more than 73% at the next meeting of the Monetary Policy Committee on Wednesday. Annual inflation in the UK fell for a third consecutive month to 10.1% in January, below consensus forecasts, even as high food and energy […]