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The Bank of England's May 2023 Monetary Policy Report explains its 4.5% policy rate and says UK inflation has been around 10% since last summer. It attributes part of the inflation to higher gas and wheat prices after Russia's invasion of Ukraine.
It also sets out the expected path for inflation.
The report is a macro policy document with little direct bearing on feed grain supply or demand.
bankofengland.co.ukBank of EnglandJun 1, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
