The UK inflation rate reversed its 10-month downtrend in December, creeping up to 4.0% from November’s two-year low of 3.9%. That was a considerable blow to market expectations, which had been hoping for a Bank of England rate cut in the first half of the year. Where does the unexpected uptick in inflation leave Bank policy, and what’s the likelihood of a cut in 2024? Presented by @cmegroup: [ Ссылка ]
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