DOUBLE-DIGIT SHOCKER: UK Latest: Inflation Data Adds Pressure on Bank of England

 976 views Apr 19, 2023

The UK's consumer price index remained above the 10% mark in March. The higher-than-expected figure strengthens the case of more interest-rate increases by the Bank of England. Lizzy Burden reports on Bloomberg Television.

RELATED

Mohamed A. El-Erian

@elerianm

·

Apr 17

From

@TheEconomist

on the Mona Lisa effect—that is, “why the global economy is becoming ever more confusing.” Just think, in terms of the #economy’s expected “landing,” conventional wisdom in the last few months has gone from soft- to hard- to crash- and now back to hard-landing.

Breitbart

Economist Mohamed El-Erian: Inflation Has Moved to Areas that Don’t Respond as Much to Rate Hikes

El-Erian said, “I've been saying this for a while, that if you look at how inflation has migrated from a few goods — food and energy — out to the whole goods...

.

21 hours ago

Forbes

Interest Rate And Inflation Concerns Knock Regional Bank Stocks To Even Lower Lows

Economist Mohammed El-Erian says it's wrong to call this a bank “crisis” — he prefers the word “tremors” — but it's apparent from the steady selling by...

.

15 hours ago 

Mohamed A. El-Erian

@elerianm

·

37m

.

@FT

on March UK inflation remaining in double digits (10.1%) as its main driver, higher food prices, rose at 19.1%. Core inflation was unchanged at 6.2%. Surprising to the upside, this puts pressure on the Bank of England to hike and may well complicate ongoing wage negotiations

Mohamed A. El-Erian

@elerianm

·

14m

The UK inflation numbers (please see prior tweet) have placed upward pressures on yields across most of the advanced world (below), including US Treasuries with the 2-year currently trading at 4.24% (also below). #economy #markets #bonds #inflation