UK Inflation Falls to Bank of England's 2% Target Rate, But Concerns Remain About Services Inflation
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#79a8b667 ver:0.25

UK inflation falls to Bank of England's 2% target rate, but concerns remain about services inflation. The decline in overall inflation is positive for Chancellor Rishi Sunak's election campaign, but the Labour Party argues that working people are worse off. Services inflation also decreased, increasing hopes of a reduction in borrowing costs. Bank of England Governor Andrew Bailey indicates interest rate cuts may be needed. However, concerns remain about the stickiness of services inflation, which could hinder rate cuts. The Bank of England's stance remains unclear, but ING expects inflation to stay in the range of 2-2.5%. #UKinflation #BankofEngland #interestrates...

#newstr #UkInflation #BankOfEngland #Pound #ServicesInflation #RateCuts 

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