Commenting on this morning’s UK inflation data, Melanie Baker, senior economist at Royal London Asset Management said:
“Inflation remains well below the BoE’s CPI target. There was nothing here to upset the case for more BoE policy easing at their November meeting.
"Most categories actually contributed negatively to the move in inflation in September. The upward effects on inflation in September were at least partly one-offs.”
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About Royal London Asset Management (RLAM)
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £139 billion of assets and employs 113 investment professionals as at end July 2020. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued October 2020 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.