December inflation jump does not rule out rate cut
18 January 2024
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Energy and Environment
In the Media
Julian Jessop quoted in The Daily Mail
18 January 2024
Housing and Planning
Julian Jessop quoted in The Express
IEA Economics Fellow Julian Jessop has been quoted in The Daily Express commenting on the unexpected increase in the rate of inflation in December 2023, arguing that a cut in interest rates is still on the agenda for 2024.
Julian said:
“The tick-up in UK inflation to 4% in December will probably delay the first rate cut…but one small miss in one month’s data does not change the big picture.
“Inflation is still likely to fall to the 2% target in April and the markets will continue to price in large rate cuts later in the year.”
Read the full article in The Daily Express (18/01/2024, p.9)
Julian said:
“The tick-up in UK inflation to 4% in December will probably delay the first rate cut…but one small miss in one month’s data does not change the big picture.
“Inflation is still likely to fall to the 2% target in April and the markets will continue to price in large rate cuts later in the year.”
Read the full article in The Daily Express (18/01/2024, p.9)
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