UK inflation remained stable at an annual rate of 2.2% in August, as rising airfares were balanced out by decreases in fuel prices and costs associated with dining and accommodation. This steady inflation rate comes just ahead of the Bank of England's upcoming interest rate decision.

UK inflation held steady at 2.2% in August, according to recent reports. As a result, the Bank of England is anticipated to refrain from making any cuts to interest rates during its upcoming meeting on Thursday.

UK Inflation ‘Moving in Right Direction’ for Rate Cuts, Bank of England Says The Bank of England has indicated that the UK inflation is “moving in the right direction” for potential rate cuts, signaling a shift in the stance of its policymakers in response to easing inflation. Governor Andrew Bailey emphasized the need for more […]