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British annual inflation stabilizes at the lowest rate in 15 months
Cairo – Middle Gate Wednesday, July 18, 2018, 3:00 pm
Five and ten pounds sterling
Official data published Wednesday show an annual inflation rate of 2.4% in Britain in June, the lowest rate in 15 months, which negatively affects the outlook for rate hike next month.
Experts had predicted a rise in inflation on an annual basis according to the index of consumer price increases last month to 2.6%, according to AFP. Inflation has remained stable since May and the decline in clothing prices has contributed to the budget of rising energy costs.
said that data may reduce the possibility of increasing the rate of monetary policy base rate of the central bank at its meeting in August by a quarter of a point to 0.75%.
The economist of the financial services company "Hargreaves Lansdown" In the context of news about inflation and lost about three quarters of a cent against the dollar after investors have reconsidered their bets on the rise Interest rates in August. "
" Markets were 80% More Likely to Raise Interest Rates Today, the Weak Data of "Yesterday's Inflation Could Push Policy Makers" to reconsider. " Economist Rick Gregory said that inflation data released on Wednesday could reduce the likelihood of a rate hike in August, but added that a drop in inflation could persuade a panel Monetary policy to raise interest rates to ease pressure on consumers' incomes
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