Inflation comment from LiveMore
15 February 2023
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “Although inflation fell slightly in January by 0.4%, it is still in double-digit figures at 10.1%. This creates uncertainty as to whether the Bank base rate will stay at 4% when the Monetary Policy Committee meets next on March 23."
“The next inflation figures are due the day before the MPC’s announcement in March so if inflation falls further, it may see reasons not to raise the base rate. Two of the MPC members at the last meeting voted against an increase so there is likely to be substantial debate around whether to lift base rate and if so by how much. Intense focus will remain on economic data that emerges over the coming weeks and months.”
