A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets

• The market probability of a further 25 basis point increase at the Monetary Policy Committee’s next meeting nudged up past 73% on Wednesday, according to Refinitiv data.
• The U.K. annual inflation rate dipped for a third straight month to 10.1% in January, landing below consensus forecasts, even as high food and energy prices continue to squeeze British households.
• Tuesday’s employment figures for December offered little indication that the labor market is beginning to ease.

https://www.cnbc.com/2023/02/16/a-cocktail-of-sticky-inflation-and-a-tight-labor-market-boosts-bank-of-england-rate-hike-bets.html