# Energy, not core prices, now steers rate expectations in both the euro area and the UK

> Euro-area inflation reached 4% in October, driven largely by energy inflation of 20.8%, while core inflation remained at 2.5%. In a UK survey, respondents said energy and related commodity prices were the biggest influence on their near-term Bank Rate expectations; the median forecast put the rate at 4.25% from February.

- Date: 2026-11-08 · published 2026-11-08T18:09:52.737Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/87766-energy-not-core-prices-now-steers-rate-expectations-in-both-the-euro-area-and
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Persistent energy inflation could shape central-bank rate decisions and broader market expectations. The article reports no specific feed-commodity price impact.

## Sources

- ratebrief.org: https://ratebrief.org/news/analysis/energy-shock-ecb-4-percent-boe-survey-markets-weigh-energy-over-core/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.