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BoE Inflation Report Delays Inevitable

by Ashraf Laidi
May 14, 2014 18:28

BoE governor Carney's post-inflation report speech gave gilt yields their biggest decline in 4 months despite the release of fresh 5-year lows in UK unemployment rate, hitting 6.8% in March. The fact that average weekly earnings growth held unchanged at 1.7%, undershooting expectations of a jump above 2.0% have also helped temper yields down. More charts & analysis here.

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BoE Inflation Report Delays Inevitable - Uk Cpi Unemp May 14 (Chart 1)

Act Exp Prev GMT
Average Earnings ex Bonus
1.3% 1.5% 1.4% May 14 8:30
Average Earnings Index +Bonus
1.7% 2.1% 1.7% May 14 8:30
Unemployment Rate
6.8% 6.8% 6.9% May 14 8:30
 
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