The BOE Gets a Positive Hint About Rate Cuts From Service Prices
- Bank of England’s decision due on Aug. 1 is on a knife edge
- Stripping out volatile factors, service prices and wages cool
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Some of the UK price indicators the Bank of England is watching closely for signs of lingering inflation are flashing a green light for interest-rate reductions as soon as next week.
Analysis by Bloomberg Economics showed that services inflation has eased more than the headline measure suggests, once volatile parts dismissed by central bank officials and the impact of Taylor Swift’s concert tour are stripped out.