UK inflation rate rises to 3.4% in year to Dec.
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Bank of England interest rate-setter Megan Greene said on Friday she remained worried about signs of the pace of wage growth ahead and inflation expectations while a slowdown in the labour market appeared to be gradual.
Jan 22 - Morgan Stanley expects the Bank of England to deliver its next interest rate cut in March, scrapping its forecast for a
LONDON, Jan 14 (Reuters) - Interest rates set by the Bank of England should continue to fall as inflation is likely to settle around the central bank's 2% target soon, BoE policymaker Alan Taylor said on Wednesday.
The latest rise in UK inflation - from 3.2% to 3.4% in December - shouldn't last. We expect headline CPI to get to 2% and temporarily dip below in April. That should unlock further rate cuts
In December, the UK's inflation rose to 3.4%, influenced by higher taxes on tobacco and holiday expenses, surpassing the Bank of England's target. Despite predictions of a temporary rise, experts foresee inflation normalizing by 2026,
A Bank of England rate‑setter has warned that quicker US rate cuts could push UK inflation higher, forcing policymakers in London to take a more cautious approach to easing monetary policy. Megan Greene,
LONDON, Dec 8 (Reuters) - British inflation is likely to return to its 2% target "in the near term" as wage growth and inflation in the services sector look set to slow further, Bank of England policymaker Alan Taylor said on Monday. "We've got our foot on ...