Gilt Yields Fall After BOE's Decision Maker Panel Data

Dow Jones
09/04

0959 GMT - Yields on U.K. government bonds, or gilts, decline after the Bank of England's Decision Maker Panel data showed a slowdown in U.K. businesses' price expectations. The year-ahead own-price inflation expectation was 3.8% in the three months to August, down from 3.9% in the three months to July. The DMP data is likely to lead BOE monetary policy committee members to keep interest rates on hold in the near term while they wait for additional inflation data, Pantheon Macroeconomics economists say in a note. Ten-year gilt yields fall to last trade at 5.140%, from 5.171% prior to the data release.

 

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