More Ramsden: latest UK inflation data shows inflation still a bit higher than expected.

<ul><li>The latest UK inflation data shows indicators of inflation persistence still a bit higher than BOE expected in May</li><li>Cannot rule out next interest rate cycle will get back to 0 lower bound and need to have room for new QE</li></ul><p>Does he mean 0%…HMMM. I thought those days were over?</p><p>He adds:</p><ul><li>The impact of bank rate increases taking quite a bit longer to come through than expected</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.