UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut ...Middle East

News10NBC - News
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
LONDON (AP) — Inflation in the U.K. has fallen to its lowest level for more than three years, official figures showed Wednesday, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting. The Office for National Statistics said consumer prices rose 1.7% in September, down from 2.2% the previous month, largely as a result of lower air fares and petrol prices. The decline was bigger than the 1.9% analysts had anticipated, and means that inflation is below the central bank’s target rate of 2% for the first time since 2021. As a result, the bank’s rate-setting panel is expected to further reduce its main interest rate when it meets

Hence then, the article about uk inflation falls to lowest level in over 3 years cementing expectations for another rate cut was published today ( ) and is available on News10NBC ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut )

Apple Storegoogle play

Last updated :

Also on site :