UK Core Inflation Rate MoM (Feb) M/M 0.6% vs. Exp. 0.5% (Prev. -0.6%)
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India delays plans that require coal-fired power plants to reduce operating load by a year
Additional European Equity News
UK Core Inflation Rate MoM (Feb) M/M 0.6% vs. Exp. 0.5% (Prev. -0.6%)
IEA says it stands ready to release additional volumes from strategic oil reserves as required to support market stability
Five explosions at a missile site in Isfahan this morning, Al Hadath reports citing Iranian media
On the Newsquawk feed at , 20 minutes before this page.
Context
The UK Core Inflation Rate for February came in above expectations, printing at 0.6% month-on-month compared to the expected 0.5% and a prior decline of -0.6%. This beat suggests upward pressure on prices, potentially complicating the Bank of England's policy outlook as it could prompt considerations for tighter monetary policy in response to persistently strong inflation.
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