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Embrace the “new normal” of low inflation and rates in the UK, says Coutts

UK’s economy slipped back into deflation in September, prompting Coutts to retain its view on the “new normal” of low inflation and interest rates, while earmarking Q1 2016 as the earliest rate hike. After a 0.1% increase in July, UK’s inflation rate slipped back to zero in August before registering a 0.1% contraction in September. This is in spite of…

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