Reported 7 days ago
UK inflation is anticipated to have risen above the Bank of England's target in October, suggesting a careful stance on interest rate cuts. The consumer price index may show an annual increase of 2.2%, up from 1.7% the previous month, indicating rising energy costs despite slight easing in services inflation. This backdrop supports the BOE's gradual monetary easing strategy as it prepares for potential questions regarding its economic policies during an upcoming meeting with lawmakers.
Source: YAHOO