With inflation likely rising above the 2% target when data is published on Wednesday & likelihood the BoE/MPC's more recent focus on services sector inflation will see that remaining nearer 5% on an annualised basis, I think we can safely say the sado-monetarists will feel they have plenty of reasons not reduce interest rates this month or next.

If you were hoping for mortgage rate relief before the end of the year, you'll be disappointed.... & will be in 2025 too

#InterestRates #inflation