BOE’s Pill: There are risks on both sides of UK inflation | Forexlive

• Risk inflation may fall below target in years
• There are also risks the UK hasn’t raised rates enough
• Food inflation is longer-lasting than past spikes
• Food price inflation will fall to 10% this year

He isn’t offering much here but there isn’t the kind of rhetoric that would normally come with a path to 6%. Right now the terminal top is pried at 5.7% with a 65% chance of a 25 bps hike at the Sept 21 meeting.

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• Source: https://www.forexlive.com/centralbank/boes-pill-there-are-risks-on-both-sides-of-uk-inflation-20230807/