In today’s briefing:
- CX Daily: China Unplugs Travel Tracking System as Covid Curbs Ease
- UK: Inflation Broadly Less Excessive
CX Daily: China Unplugs Travel Tracking System as Covid Curbs Ease
- Travel tracking /: China unplugs travel tracking system as Covid curbs ease
- Covid-19 /: Beijing beefs up health care system to handle Covid surge
- Finance and economy /: China and Saudi Arabia agree on $50 billion of deals
UK: Inflation Broadly Less Excessive
- UK inflation eased in Nov-22 to 10.7% and 14% on the CPI and RPI. An extremely early collection date is probably partly to blame for the broadly less intense outcome.
- Underlying inflationary pressures remain excessively high, despite the monthly impulse in the median rate falling from its peak as expected.
- We still see inflation past its peak but likely to remain persistently above the target. UK monetary policy will need to tighten further and is unlikely to reverse until 2024.
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