LONDON (AP) — Price rises in the U.K. eased more than anticipated in February, official figures showed Wednesday, raising expectations that with the cost-of-living crisis abating, the Bank of England may start cutting interest rates in the next few months.
Britain's annual inflation rate fell more than expected in February, official data showed Wednesday, fuelling speculation that the Bank of England will start cutting interest rates in the coming months.
UK inflation fell more sharply than expected to the lowest level in 2 1/2 years, keeping the Bank of England on track to reduce interest rates later this year.
20 March: Bank Rate Announcement Tomorrow UK annual inflation fell by more than expected to 3.4% in February this year, its lowest since autumn 2021 and
With UK inflation now within reach of the Bank of England’s 2% target, homeowners struggling under the highest mortgage costs in four decades may be wondering why the bank hasn’t begun to lower its key interest rate.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Bank of England is expected to signal interest rate cuts could happen soon after inflation falls | Since Then
