UBS On-Air: Paul Donovan Daily Audio 'Inflation quirks'
UBS On-Air: Market Moves · Podcast owner
November 20, 20242m 13s
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Show Notes
UK consumer and producer price inflation data for October leads today’s data calendar. The headline numbers will be distorted by the weirdness of UK energy pricing (despite large-scale renewable energy generation, gas prices determine what consumers pay). Bank of England Governor Bailey yesterday put some emphasis on service sector inflation, while advocating a gradual reduction of rates.