UK’s inflation jump dashes hope of interest rate cut in December | Heather Stewart

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...

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Nov 20, 2024 - 02:00
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UK’s inflation jump dashes hope of interest rate cut in December | Heather Stewart

Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 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...

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