Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 2.3%Inflation rises to 2.3%Any lingering hope that the Bank of England might deliver a pre-Christmas interest rate cut next month appears to have evaporated, after official data showed inflation jumping to 2.3% in October.The CPI measure had been expected to tick up, after dipping to 1.7% in September, but 2.3% was stronger than expected. Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/20/uk-inflation-jump-dashes-hope-interest-rate-cut-december
Author : Heather Stewart
Publish date : 2024-11-20 08:35:18
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UK’s inflation jump dashes hope of interest rate cut in December | Heather Stewart
