U.K. inflation in surprise fall, raising questions about next rate hike [Advisor.ca (Canada)]
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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Source: Advisor.ca
Official figures show that inflation in Britain unexpectedly fell in March, a development that is likely to raise questions in financial markets as to whether the Bank of England will raise interest rates again this month. The Office for National Statistics said Wednesday that consumer prices rose by 2.5% in the year to March, down from 2.7% the month before. The decline was unexpected—most economists were predicting an unchanged rate. The agency said the biggest drag on inflation came from prices for clothing and footwear rising by less than they did a year ago. With inflation above the bank’s 2% target, policymakers had prepared investors for another quarter-point rate hike, which would take the main rate to 0.75%. That hike could still be in the cards. “Three points lead to continued expectations for a BoE hike on May 10 on the back of [inflation] numbers,” says Derek Holt, vice-president and head of capital markets economics at Scotiabank, in daily c
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BNS
Earnings
- 2/27/24 - Beat
BNS
Sec Filings
- 4/17/24 - Form 424B2
- 4/17/24 - Form 424B2
- 4/17/24 - Form 424B2
- BNS's page on the SEC website