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Britain nears rate hikes as inflation outlook rises
Forecasts indicate that the upcoming data this week will show inflation accelerating in Britain to its highest level in nine months, with an expected year-on-year price increase of 3.4% in September. This acceleration could prompt the Bank of England to decide to raise interest rates for the first time in about three years during its November meeting, in an effort to contain inflationary pressures. Additionally, the rise in government bond yields reduces the government's ability to improve the budget balance and may force it to increase taxes to fund measures supporting citizens and businesses. There are also expectations that inflation will exceed 4% at the beginning of 2027, which is double the targeted 2% goal.
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