UK Drop In: June CPI - Macro and policy implications

The UK CPI report for June will provide fresh evidence of whether the economy has a persistent inflation problem – and whether the Bank of England will need to do more in response. 

Chief UK Economist Paul Dales, Deputy Chief UK Economist Ruth Gregory and UK Economist Ashley Webb held a client briefing shortly after the June CPI release on the UK inflation and policy outlook, and what this all means for economic growth.

During this 20-minute session, Paul and the team took client questions as they addressed key issues, including:

• What the latest CPI report says about the inflation outlook;
• The Bank of England’s response – and what this all means for growth;
• The potential impact on gilt yields and the pound.