Low Inflation to Delay BOE Rate Hike, Help Consumers, EY Says

  • No rate increase until inflation moves above 1% in the fall
  • 2016 will be `as good as it gets' for the British consumer

Low U.K. inflation through 2016 will help consumer spending and delay any Bank of England rate increase until late in the year, according to a report from EY Item Club.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.