So UK inflation is up again for October, now at 2.3% annualised, back above the BoE./MPC target, giving more ammunition to the interest rate 'hawks' to keep the rates high... the upward trend seems to be driven by energy price rises, but for the BoE/MPC you can bet the focus will be on public sector wage rises.... and the budget related NI rise coming.

So again, if you were hoping your mortgage payment might go down any time soon, think again

#interestrates #inflation #mortgage
h/t FT