UK inflation steadies at 2.8%, keeping BoE on holdExecutive summary: UK inflation held at 2.8% in May, unchanged from April and lower than expected. The reading reduces expectations of further rate hikes by the Bank of England, influencing bond markets and the pound. Bank of England, UK Office for National Statistics, financial markets. The BoE is expected to keep its policy rate at 3.75% at the upcoming decision, with markets watching for any forward guidance.The latest data shows UK consumer price growth unchanged at 2.8% in May, matching the previous month and falling short of forecasts for a rise. This limits upward pressure on the Bank of England’s policy rate, making a hold more likely. The figure comes amid mixed signals from energy markets and geopolitical tensions, but overall price pressures remain modest. Analysts view the reading as a temporary plateau rather than a sustained trend.Connected developmentsUK inflation unexpectedly stays at 2.8%Inflation remains at 2.8%, slightly lower than expectedOil tankers reverse course on hopes of Hormuz reopeningHistorical Iran‑related market shockYouGov-Umfrage: AfD neun Prozentpunkte vor der Union – FDP bei fünf ProzentJapan: Taxi-App legt nach Börsengang um zehn Prozent zuOpen the full case file on Beyond →
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