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Uk Inflation Rebounds

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Outlook: Consumer prices are expected to have rebounded in February with a pick up in domestic spending and housing prices. Analysts expect that inflation reached the Bank of England’s target of 2.0% in February, fueled by better than expected retail sales of 0.5% growth from January. In addition, there has been a recent revival in UK housing prices. According to the Rightmove measure, prices of residences have risen 4.3% from a year earlier, while monthly growth of 0.9% was the fastest in over a year and a half. Given these expectations, the market has lowered its expectations of a rate cut this year despite a strong recovery in growth gauges. The Bank is expected to maintain overnight borrowing costs at 4.5% until inflationary data shows some follow through from a domestically driven rebound that would call for a more hawkish position.

Edited by gruffydd

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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