UK inflation showing systemic contagion Says Ms. Madhavi Arora, Emkay Global Financial Service
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Below is Q3 FY23 GDP Data By Ms. Madhavi Arora, Lead Economist - Emkay Global Financial Services
”UK inflation showing systemic contagion. Core is up 0.9% ...YoY back to highs of 6.2%. the surprise print was significant in both its magnitude n breadth. BoE may be pressed to follow ECB suit tomorrow amid this Inflation upside surprise. Had there been easing in inflation, the case of looking closer owing to mkt stress and some data weakness would have been there for BoE. But seems not any more. 25bp hike likely tomorrow by BoE too”.
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