The data is here from earlier:
- UK data: March CPI 0.1% m/m (expected 0.3%)
- GBP didn't wait for no analysts: GBP slipping further after the inflation report misses estimates
The Financial Times has rounded up a few responses, Soggy inflation reading dents BoE May rate rise odds - economists
I picked out a few snippets:
Pantheon Macroeconomics
- inflation data were much lower than the BoE's Monetary Policy Committee (MPC) expected, "greatly undermining the case for a May rate hike."
(ps. MPC inflation forecast was 2.8%)
Capital Economics
- probably won't prevent the MPC from hiking interest rates next month, although it perhaps makes it slightly less likely
