UK Inflation Has Risen To 9.1% – Commentary

In light of new CPI data from the ONS this morning, reporting that inflation has risen to 9.1%, below are comments from Giles Coghlan (Chief Analyst, HYCM) and Jatin Ondhia (CEO, Shojin). Inflation In The UK Is Rising: “If today’s CPI print tells us one thing, it is that the UK’s economic outlook looks very bleak indeed. With forecasts suggesting that GDP will head into negative territory for 2023, the Bank of England has an impossible task on its hands. Ultimately, policymakers have very little choice other than to hike interest rates to bring down inflation. Without adequate quantitative tig…

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