Chances of November interest rate cut jump, and pound falls, as UK inflation drops to 1.7% – as it happened
UK inflation drops to just 1.7% in September, weakening pound and raising chances of an interest rate cut in November. Pound drops below $1.30 09:18 The pound is continuing to fall, and has now hit an eight-week low against the US dollar.
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 cemented market expectations that the Bank of England will lower interest rates at its next policy meeting.
UK inflation drops to 1.7% - increasing likelihood of further interest rate cuts
This month's inflation rate is also normally used to set April's increase in benefits including jobseeker's allowance, maternity allowance, housing benefit and universal credit.
Plunging UK inflation spurs rate cut bets, offers budget relief for Reeves
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.
European inflation falls to lowest levels in three years
On the heels of fresh data released Thursday, the European Central Bank announced it would further cut key interest rates.
UK inflation rate drops to 3.9% before end of the year with bigger than expected fall in November
The inflation rate in November dropped to its lowest level in more than two years The Office for National Statistics (ONS) has released official figures which show that inflation has dropped to its lowest level in more than two years.
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Surprise fall in inflation paves way for interest rate cuts
UK inflation fell unexpectedly to 1.7% in the year to September, the lowest rate in three-and-a-half years. It means the ...
UK inflation dip suggests economic wind is favourable - but dark cloud over public finances remains
The first dip below the Bank of England's target rate of 2% in two and a half years follows news that wage inflation is ...
Why has inflation slowed and what does it mean for households?
Lower inflation could also lead to interest rate reductions, which could be positive for Chancellor Rachel Reeves in ...
MoneyWeek2d
UK inflation falls to slowest rate in over three years – live updates
The Bank of England will be watching the upcoming inflation report closely as it decides on the timing of future interest ...
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Producer price inflation, UK: September 2024 including services, July to September 2024
Coke and refined petroleum products made the largest contribution to the change in the annual inflation rate in September ...
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UK farm support spending may come under pressure
UK farm support spending may come under pressure, courtesy of the upcoming Budget, scheduled for October 30. This is the view ...
MoneyWeek1d
Inflation drops below Bank of England target for first time in over three years
UK inflation slowed to 1.7% in September, boosting the chances of a more aggressive approach to interest rate cuts from the ...
Is Bank of England prepared to respond to falling inflation and slowing wage growth?
UK inflation unexpectedly fell to 1.7% in September 2024, the lowest in over three years. The drop raises expectations of a ...