Above Target U.K. Inflation Opens Possibility of BOE Rate Rise in September
Dow Jones
Jul 30
1245 GMT - U.K. inflation remains above the 2% Bank of England target and this opens the possibility of a BOE rate rise in September, Mattioli Woods' Katy Stoves says in a note. The BOE on Thursday voted to keep interest rates unchanged at 3.75%, with six members in favor while three members voted to increase interest rates. Money markets currently price in a 31% chance of a quarter-point BOE rate increase in September, LSEG data show.
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