NIESR: Head of UK Macroeconomic Forecasting reacts to the latest CPI inflation data

19 Apr 2018 10:06 AM

Commenting on the latest CPI inflation data NIESR’s Head of UK macroeconomic forecasting, Amit Kara said: “UK January CPI inflation fell to 2.5% in March from 2.7% previously. Inflation has dropped to its lowest level in a year and by more than we expected, yet we believe that the MPC should remain on a gentle path of normalisation with a 25bp Bank Rate increase in May.”

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