Central Banks / Economy
Add as a preferred source on GoogleThe next rate decision is set for Nov. 5, with inflation and wage-growth figures expected beforehand.
The Bank of England’s inflation goal is 2%, while the U.K.’s August reading came in at 3.1%.
Inflation and wage-growth figures are expected to provide further signals before the next rate decision.
The Bank of England has scheduled that decision for Nov. 5.
The final-demand Producer Price Index rose 1.3% from August, seasonally adjusted, and was up 6.3% over 12 months, unadjusted.
Energy accounted for more than 80% of the monthly increase in final-demand goods prices. Gasoline rose 20.3% from August.
The Federal Reserve calendar lists its next policy meeting for Oct. 27-28.
