State of Play. 20 July 2023
Push or Pull
Ever since the pandemic arrived to trigger the first global wide shut down, the ripple effect continues to be felt in our shopping baskets, our savings rates, and our investment portfolios today. Supply disruption, the war in Ukraine and other unintended consequences make the challenge facing policymakers even more complicated. This week the eagerly awaited UK inflation data was released. What did it tell us about the impact of previous rate rises and how might it influence the Bank of England in their next interest rate decision?
Simon Durling, Santander Asset Management UK’s senior investment specialist shares his thoughts in this week’s State of Play.