Bigger-than-forecast decline in annual rate in February is positive news for Rachel ReevesBusiness live – latest updatesThe odds of the Bank of England cutting interest rates in May have been strengthened after inflation cooled by more than forecast last month.In a boost for Rachel Reeves on the day of her spring statement, the Office for National Statistics (ONS) said inflation as measured by the consumer prices index eased to 2.8% in February from 3% in January. Continue reading…
Source link : https://www.theguardian.com/business/2025/mar/26/uk-inflation-falls-boost-for-rachel-reeves
Author : Richard Partington Economics correspondent
Publish date : 2025-03-26 15:44:00
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Odds of Bank of England interest rate cut strengthen after inflation falls to 2.8%
