Christopher Nye
on April 19th, 2023 We’ve just seen the latest annual inflation rate for the UK fall to 10.1% in March, from 10.4% the month before. Despite cooling, the rate remains above 10% for a seventh consecutive period and is still just over five times the Bank of England’s 2% target.
As the rate has remained above target for almost two years, economists say policymakers might continue to hike rates to combat inflation. Many will be watching for any impact on sterling over the course of today.
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