Deloitte's senior economist comments on inflation figures

Commenting on the latest inflation figures, Debapratim De, senior economist at Deloitte, said:

“June’s inflation figures are slightly above expectations but there remains abundant spare capacity in the economy. This should maintain a downward pressure on inflation, which could fall further, especially if there is a spike in unemployment later this year.

“A deflationary environment and elevated uncertainty means interest rates are likely to remain at ultra-low levels well into next year.”

End

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