RE: UK CPI wed 17/4 and the continuing base rate obsession...15 Apr 2024 09:39
Gunsup, the market sets the rates on government bonds and the more shaky the UK looks the higher the yield. B of E is trying to reduce rates with that rate burden in mind BUT cannot manipulate the cpi figures[ which imv are already a manipultaion of the real rpi figure] so will be stuck with leaving the rates at 5%. We shall see...