From the UK Telegraph over the weekend:

  • Official inflation data is due from the UK this week
  • CPI is expected to remain at 0% y/y ... that's according to the latest Bloomberg survey of economists
  • That'll be 5 out of the last 6 months that inflation has touched zero or below
  • The Bank of England's target is 2%
  • 'No-flation' pushes the prospects for a UK rate hike further out ....

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