Don’t Get Carried Away With UK CPI: Rates Strategist

Adam Dent, UK rates strategist at Santander CIB, discusses today’s UK inflation data which unexpectedly held steady in September, prompting a surge in market bets on a Bank of England interest-rate cut before the end of the year. Consumer prices rose 3.8% from a year earlier, the same pace as in the previous month, the Office for National Statistics said on Wednesday. “Let’s not get carried away. 3.8% is not 2%. Long way to go,” Dent tells Bloomberg Television.