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.
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.
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
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
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