Ease in inflation to more than two-year low and decline in consumer prices index add to speculation of interest rate cut
The fight against UK inflation is being won – but when will interest rates be cut?Business live – latest updates
UK inflation fell to 3.4% in February – the lowest level for two and a half years – driven in part by a slowdown in the pace of food and restaurant price rises. .
The bigger-than-forecast decline in the consumer prices index (CPI) from 4% in January will give a boost to Rishi Sunak, who has pledged to reduce inflation, and add to speculation that the Bank of England will cut interest rates in the summer.
Continue reading…Ease in inflation to more than two-year low and decline in consumer prices index add to speculation of interest rate cutThe fight against UK inflation is being won – but when will interest rates be cut?Business live – latest updatesUK inflation fell to 3.4% in February – the lowest level for two and a half years – driven in part by a slowdown in the pace of food and restaurant price rises. .The bigger-than-forecast decline in the consumer prices index (CPI) from 4% in January will give a boost to Rishi Sunak, who has pledged to reduce inflation, and add to speculation that the Bank of England will cut interest rates in the summer. Continue reading…