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2025-09-17 15:45:21
[UK inflation data is good for the market, but the Bank of England wants more assurances] Sanjay Raja of Deutsche Bank said in a report that the UK inflation data is a positive factor for the market, with the overall inflation rate remaining at 3.8% in August. The core inflation rate was also in line with expectations, at 3.6%, while the service industry inflation rate fell to 4.7% from 5.0% in July. Raja said: "The good news is that the August inflation data corrected some of the unexpected upward trends we saw [in July]." He said the bad news is that inflation still has some way to go before it peaks. Food inflation, which reached 5.1% in August, continued to rise. He added that the Bank of England may want to wait for more evidence to accumulate before easing restrictive policies.
