1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

U.K. Producer Prices Rise, Can The BoE Cut Rates?

Discussion in 'Fundamental Analysis' started by ActionForex.com, Aug 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Joined:
    Dec 24, 2007
    Messages:
    2,465
    Likes Received:
    0
    Factory gate prices in the U.K. rose 10.2% from 10.0% the month prior on an annualized basis - the fastest pace since 1986. As producers pass on increasing raw material costs inflationary pressure will increase. The BoE is already handcuffed with prices rising at 3.8% and expected to rise above...

    complete article here...
     
Loading...

Share This Page