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|Comment on CPI stats from Jonathan Sealey Hope Capital CEO|
|Tuesday, 13 December 2016|
Jonathan Sealey, CEO at Hope Capital, says “The rise in inflation reported by the ONS this morning is significant. The weakness of the pound has made a huge difference to imports and as we approach Christmas the difference is showing for the first time in many months. However, the pound has strengthened over the last week, which could show in December’s inflation figures.
“Low interest rates have been, and are, a driving force for the property market so we will be watching closely to see what happens when the Monetary Policy Committee make their next interest rate decision. Time will tell, but I think they are likely to remain cautious.”
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