Fast Take
- U.Ok. CPI inflation within the month of March was at 10.1% — 0.3% decrease than the earlier month.
- This was the seventh consecutive month inflation remained above 10%.
- Whereas the U.Ok. core CPI didn’t come down, in reality, month over month — it rose +0.9%.
- Meals worth inflation rose to the very best degree in 45 years.
- On the subsequent assembly, cash markets are actually pricing a 5% terminal fee for the BOE and a 91% chance of a 25bps fee hike.
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