BOE's Pill: We have not seen a downturn in core inflation which would reassure us

<ul><li>Need to be particularly wary about letting an inflation persistence dynamic set in</li></ul><p>The BOE still needs to hike rates again, so the headline remark definitely sides with that. The OIS market is pricing in ~76% odds of a 25 bps rate hike for later this month currently.</p>

This article was written by Justin Low at www.forexlive.com.