UK inflation seen at 3.4%, setting up a BoE November rate hike

Bloomberg · 4 hours ago
UK inflation seen at 3.4%, setting up a BoE November rate hike
  • UK annual price growth for September is expected to reach 3.4%, a nine-month high, in data due Wednesday.
  • Economists see the inflation reading as a reality check for British policymakers returning from the IMF's upgraded growth forecast.
  • The inflation data is expected to shape decisions from the upcoming budget through to a likely BoE interest-rate increase.