- BOE seeks to hit inflation target without damaging output
Market pricing puts the odds of a hike in November at roughly 50%. If oil stays down here the effects of the war should be unwound quickly so we will see where inflation lands by Q4.
The pound is up 6 pips to 1.3352 today and these comments won’t move it.
In other UK news, Andy Burnham announced that he will keep the triple lock.
This article was written by Adam Button at investinglive.com.
SOURCE LINK : Bank of England's Bailey says inflation would be at target if not for the war
