Inflation remained stable in August, registering at 2.2%. This figure indicates that inflation continues to exceed the Bank of England's target rate of 2%.
Inflation remained stable in August, registering at 2.2%. This figure indicates that inflation continues to exceed the Bank of England's target rate of 2%.
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 […]