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7 hours ago · LONDON, Oct 16 (Reuters) - British inflation fell more than expected to an annual rate of 1.7% in September from 2.2% in August, official figures showed on Wednesday. A Reuters poll of economists ...
9 hours ago · UK inflation slipped below the Bank of England ’s 2% target for the first time in 3 1/2 years, a fall that sets the stage for a second interest rate cut next month. Consumer prices rose 1.7% in ...
1 day ago · Interest rate cut hopes raised as wage growth slows. Expectations that UK interest rates will be cut in November have risen after wage growth slowed to its lowest pace for more than two years. Pay ...
18 hours ago · Headline CPI was much softer than expected, with the annual rate dipping to 1.7 per cent and core CPI (excluding food, energy, alcohol and tobacco) falling to 3.2 per cent from 3.6 per cent in August.
10 hours ago · With higher interest rates helping to reduce inflation from multi-year highs by making it more expensive for businesses and consumers to borrow, they have started cutting interest rates. The U.S. Federal Reserve , for example, slashed its main rate last month, while the European Central Bank, which sets monetary policy for the 20 countries that use the euro, is expected to cut again on Thursday.
18 hours ago · UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has ...
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18 hours ago · UK inflation has eased to 1.7%, dipping well below the Bank of England target for the first time since 2021. It's a drop on the 2.2% recorded in last month's Consumer Prices Index (CPI). Analysts ...
