UK inflation surprises to the downside - BNP Paribas

FXStreet (Łódź) - BNP Paribas economist Catherine Stephan comments on the disappointing August UK CPI numbers, showing a slowdown to 1.2% y/y from 1.5%.

Key quotes

"Prices for transport and recreation and culture played a key role."

"Inflation should remain below the Bank of England 2% target in the coming months."