BOE Rate Decision and Tories’ Misery Index: Sunday UK Briefing
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The Bank of England (BOE) is set to make its rate decision this week, with rates expected to be kept unchanged. The UK's CPI rate is also expected to decline, with February's year-on-year headline print estimated at 3.5%. The date of the national election in the UK is still uncertain, but Prime Minister Rishi Sunak is looking to time it for the best possible economic news. Meanwhile, Russian President Vladimir Putin is expected to win a new six-year term in the upcoming election. Sainsbury and Tesco, two major UK grocery chains, experienced technical issues that affected their online orders. In the tennis world, the BNP Paribas Open is taking place in California, with Iga Swiatek and Maria Sakkari competing in the women's finals. Lastly, a deep-dive investigation reveals how Indigenous people in the Peruvian Andes produce high-quality wool for luxury fashion brands while being paid very little.

#BankOfEngland #Boe #RateDecision #Inflation #UkElection #RishiSunak #VladimirPutin #Sainsbury #Tesco #Tennis #BnpParibasOpen #IndigenousWoolProduction

https://www.bloomberg.com/news/articles/2024-03-17/boe-rate-decision-and-tories-misery-index-sunday-uk-briefing