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UK inflation rises to 10.4% unexpectedly
Financial Express Mumbai
|March 23, 2023
BoE likely to increase rates by 25 basis points
BRITISH INFLATION UNEXPECTEDLY rose to 10.4% in February, pushed up by higher food prices and pricier drinks in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest interest rate decision.
Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.9% in February from January's 10.1% and move further away from October's 41-year high of 11.1%.
The BoE is due to announce on Thursday whether it has raised interest rates for the 11th meeting in a row. Investors are split on whether it will pause: its run of increases in borrowing costs because of the recent upheaval in the global banking sector.
Cette histoire est tirée de l'édition March 23, 2023 de Financial Express Mumbai.
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