State of Play. 13 July 2023
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Central banks have spent almost two years playing catch up as inflation returned building pressure on policymakers to respond. Their credibility rests with overcoming the price rises whilst attempting to navigate a soft economic landing. So far this year they have been waiting for the inflation pressure to ease before feeling able to press the pause button on rate rises. Will this week’s latest earnings and inflation data finally offer some respite?
Simon Durling, Santander Asset Management UK’s senior investment specialist shares his thoughts in this week’s State of Play.