Predictions for when Bank of England will start lowering cost of borrowing pushed back
Analysis: Sunak hopes of pre-election rate cuts frustratedBusiness live – latest updates
The UK’s annual inflation rate fell by less than expected last month to 3.2%, complicating the timing of a potential first Bank of England interest rate cut.
Figures from the Office for National Statistics (ONS), showed inflation continued to ease in March from 3.4% in February to reach the lowest level since September 2021, as food prices rose at a slower pace than a year earlier.
Continue reading…Predictions for when Bank of England will start lowering cost of borrowing pushed backAnalysis: Sunak hopes of pre-election rate cuts frustratedBusiness live – latest updatesThe UK’s annual inflation rate fell by less than expected last month to 3.2%, complicating the timing of a potential first Bank of England interest rate cut.Figures from the Office for National Statistics (ONS), showed inflation continued to ease in March from 3.4% in February to reach the lowest level since September 2021, as food prices rose at a slower pace than a year earlier. Continue reading…