The latest survey by the Bank of England’s panel of decision makers (DMP) showed that “companies expect that the increase in interest rates will cause a decrease in investment and employment“, according to Reuters.
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Private sector producer price inflation was 7.2% in November, compared with 7.8% in October.
Producer price inflation forecast for November is 5.7%, which represents a decrease of 0.5 percentage points compared to October.
Looking ahead, DMP members expect CPI inflation to be 7.2% a year ahead, up from 7.6% in October.
Recruitment difficulties are reported to have started to subside.
General business uncertainty eased slightly in November.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
