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United Kingdom Monetary Policy

The annual rate of inflation, as measured by the Consumer Price Index (CPI), has already returned to the Bank’s target of 2%. High inflation in the services sector continues to be a major concern for RBI officials.

Monetary policy makers see services inflation as the preferred measure of price pressures and want it to fall sharply to gain confidence for a swing to normalize UK monetary policy.

Dr. Kamaran Qader Yaqub,
Financial Consultant at Investment Spot company. 

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