UK inflation breaks out of target band

Bank of England
Daniel Hinge

The UK’s headline inflation hit its highest level in more than five years in November, breaking through the top end of the Bank of England’s tolerance band, figures released today (December 12) reveal.

The consumer prices index rose to 3.1%, up from 3% a month earlier. Since price rises have deviated from the Bank of England’s 2% target by more than a percentage point, governor Mark Carney will now have to write an open letter to the UK finance minister explaining what action the central bank

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: