bullish
UK: Pricing Slowing into Summer-23
522 Views06 Jul 2023 22:03
SUMMARY
- Persistently excessive inflation has startled the BoE into extending its hiking cycle. Though the median is sticky, it may welcome signs of softening mean expectations.
- Wage settlements have risen to especially problematic levels in the UK, creating widespread cost growth. Firms still plan to pass this on and restore margins.
- The BoE must still break the second-round effects from resistance in real wages and margins. At least moderated pricing plans don’t appear as internationally unfavourable.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
- BoE: Gone With The Wind22 Jun 2023
- UK: Flying Inflation Is Landing Slowly21 Jun 2023
x