Mohamed A. El-Erian(@elerianm):Good morning. UK inflation climbed to 3.1% in August on higher energy prices, while core inflation remained unchanged at 2.6%. Matching consensus forecasts, the data leaves the Bank of England’s Monetary Policy Committee facing a delicate balance ahead of tomorrow's rate decision: push against against a headline rate back at 3% for the first time since March on worries that it may spill into core, or hold off because core is contained? (Markets are pricing in an 80% probability of a hold.) #economy #markets #centralbanks @bankofengland

2026.09.16 09:49

Good morning. UK inflation climbed to 3.1% in August on higher energy prices, while core inflation remained unchanged at 2.6%. Matching consensus forecasts, the data leaves the Bank of England’s Monetary Policy Committee facing a delicate balance ahead of tomorrow's rate decision: push against against a headline rate back at 3% for the first time since March on worries that it may spill into core, or hold off because core is contained? (Markets are pricing in an 80% probability of a hold.) #economy# #markets# #centralbanks# @bankofengland

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