Bloomberg Television
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How Will the Bank of England Respond to UK Inflation's 40-Year High?
Posted
July 20, 2022
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July 20, 2022
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0:59Now PlayingThe UK Consumer Price Index rose to its highest level in 40 years in June, with surging food and fuel costs the largest contributing factors. Market attention will now focus on the Bank of England’s upcoming rate decision on Aug. 4. With the bank’s last five rate decisions (each 25 basis points) appearing to have little impact on price pressures, will the bank be forced to take more drastic action? Presented by @cmegroup
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