Surprise fall in inflation paves way for interest rate cuts

Posted on Monday, October 28, 2024

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 annual rate prices are rising at is now below the Bank of England's 2% target, paving the way for further interest rate cuts.

 

Read the full article here - https://www.bbc.co.uk/news/articles/czxde3779lxo