January annual drop still leaves rate above Bank of England’s 2% target
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UK inflation tumbled to 3% in January, giving a boost to hopes of an early cut in interest rates by the Bank of England.
The drop was in line with a majority of City economists’ forecasts and marks the lowest level since March 2025.
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Source link : https://www.theguardian.com/business/2026/feb/18/uk-inflation-falls-interest-rates-bank-of-england
Author : Phillip Inman
Publish date : 2026-02-18 07:01:00
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