{"id":171627,"date":"2025-09-27T01:09:08","date_gmt":"2025-09-27T01:09:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/171627\/"},"modified":"2025-09-27T01:09:08","modified_gmt":"2025-09-27T01:09:08","slug":"shocks-driving-uks-high-inflation-will-fade","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/171627\/","title":{"rendered":"Shocks driving UK\u2019s high inflation will fade"},"content":{"rendered":"<p>In an op-ed published in The Times, <a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Bank of England<\/a> (BoE) policymaker Swati Dhingra argued that shocks driving the UK&#8217;s high inflation will fade and that they should not be overly cautious about cutting interest rates.<\/p>\n<p>Dhingra further added that the UK is not suffering from more food inflation than it&#8217;s peers and noted that earnings play a smaller role in the services&#8217; <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Consumer Price Index<\/a> (CPI).<\/p>\n<p>Market reaction<\/p>\n<p>These comments received a dovish score of 2.0 from FXStreet BoE Speech Tracker. Nevertheless, GBP\/USD clings to daily recovery gains near 1.3400 in the Americn session.<\/p>\n","protected":false},"excerpt":{"rendered":"In an op-ed published in The Times, Bank of England (BoE) policymaker Swati Dhingra argued that shocks driving&hellip;\n","protected":false},"author":2,"featured_media":171628,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,19046,99,14270,164,99926],"class_list":{"0":"post-171627","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-boe","11":"tag-business","12":"tag-centralbanks","13":"tag-economy","14":"tag-gbpusd"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/171627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=171627"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/171627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/171628"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=171627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=171627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=171627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}