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The Bank of England said UK inflation will overshoot its 2% target for longer as sterling's depreciation passes through to import prices. It held rates at 0.25% and argued that raising rates would not offset the currency-driven inflation.
Persistent import-price inflation squeezes UK consumer spending and sterling's purchasing power for imported feed. The price impact on grains and oilseeds is limited.
centralbanking.comRachael KingMay 11, 2017Not 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.
