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Oct 9, 2015
UK inflation, lower expectations - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the forthcoming September inflation for the UK on 13 Oct:
Key Quotes:
"UK inflation is likely to dip back down into negative territory as the continued drag from low oil prices hits the September data."
"We expect an on-consensus reading of -0.1% y/y. Core inflation, meanwhile, is likely to have ticked up a notch to 1.1% y/y (same as consensus), as momentum in this component has been building in recent months."
"September’s data won’t influence the MPC one way or another – we expect them to remain on hold until May 2016, at which point inflation will have moved much closer to their 2% target."
Key Quotes:
"UK inflation is likely to dip back down into negative territory as the continued drag from low oil prices hits the September data."
"We expect an on-consensus reading of -0.1% y/y. Core inflation, meanwhile, is likely to have ticked up a notch to 1.1% y/y (same as consensus), as momentum in this component has been building in recent months."
"September’s data won’t influence the MPC one way or another – we expect them to remain on hold until May 2016, at which point inflation will have moved much closer to their 2% target."